I-80 Distribution - Building B

Jones Lang LaSalle (“JLL”) has been exclusively retained to market for sale the fee-simple interest in the I-80 Distribution Hub, (the “Property” or the “Offering”), a 461,824 square foot, bulk distribution facility located at 2301 21st Street NW in Greater Des Moines, IA. Developed in 2024 as a build-to-suit partnership with JT Logistics (the “Tenant” or “JTL”); the Offering is 100% leased with 13.2-years of lease-term remaining to one of the fastest growing third-party logistics providers (3PLs) in the country. I 80 Distribution Hub marks the consolidation of a variety of notable 3PL accounts from prior Class-B warehouses throughout Des Moines, while serving as a 4PL provider, where the Tenant manages total supply-chain operations for several other online retailers.

Delivered and designed to meet the 3PL's operations, the Offering has been designed to meet the 3PL’s operations via specifications including 36’clear heights, motion-senor LED lighting, ESFR sprinklers, deep truck courts and 32 total dock doors. The Asset is strategically positioned just off I-80, one of the nation’s primary coast-to-coast distribution arteries, allowing the Tenant excellent local, regional, and national connectivity. Furthermore, the market’s central location and highway accessibility has attracted data center development from notable tech companies including Microsoft and Meta, who’s investment exceeds $8 billion dollars. The I-80 Distribution Hub represents the unique opportunity to acquire modern, bulk industrial product with term and accretive annual income growth at a notable yield premium compared to other major Midwest markets.