950 Riverbend Drive

950 Riverbend Drive, Dalton, GA, 30721, US

Description

On behalf of Ownership, Jones Lang LaSalle America, Inc. (“JLL”) has been retained as the exclusive sales representative for 950 Riverbend Drive (the “Property”), a 506,210 SF industrial warehouse located in Dalton, Georgia. The Property is 100% leased to Mattex Group Corporation with approximately 4.8 years of remaining lease term, and Mannington Mills, Inc., a fifth-generation flooring manufacturer, with approximately 3.0 years remaining lease term, creating a 3.6-year WALT. The Property features 18’ to 21’ clear heights, multiple roof sections, including 3 sections of TPO roofs covering a total of 214,094 SF with 18 years of warranty remaining, 218,000 SF of roof with 4 years of warranty remaining, and roughly 74,116 SF of metal roof (no warranty), 45 dock-high doors, and 9 drive-in doors, providing a highly functional layout designed to support manufacturing and distribution operations. Strategically located within three miles of Interstate 75, the Property sits in Dalton, Georgia, one of the most established and supply-constrained industrial submarkets in the Southeast, positioned along the rapidly growing I-75 North Corridor between Atlanta and Chattanooga. The Property further benefits from proximity to the Appalachian Regional Port, located approximately 20 miles from Dalton, offering direct rail access to the Port of Savannah. This infrastructure enhances supply chain efficiency and reduces transportation costs for largescale manufacturers such as Mattex and Mannington Mills, reinforcing long-term tenant commitment within Northwest Georgia’s established flooring manufacturing cluster. The Property is surrounded by major flooring manufacturers including Shaw, Mohawk, and Engineered Floors, increasing the demand for complementary users at the Property. This offering represents a compelling opportunity to acquire a fully stabilized industrial asset in a manufacturing-anchored industrial market supported by strong demand, limited new supply, and durable long-term fundamentals.

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Attributes

Building area net

506,210 sf

Occupancy

100%

Year built

1955

WALT

3.6 years

Media

Investment highlights

Atlanta industrial market

Rents average $9.80/SF with 2.8% growth (vs. 1.3% national average)
Strong large-block demand: 10 move-ins (5.1M SF) vs. 3 move-outs (1.8M SF)
Net absorption improved 27% month-over-month, with Q4 delivering 2.4M SF (47% of annual total)
Large format spaces (250K-1M+ SF) generated 3.3M SF positive absorption
Construction under way: 12.4M SF, down 11.5% year-over-year
2025 completions: 11.5M SF (below 26M SF five-year average)
Q4 completions surged 64% quarter-over-quarter, signaling 2026 rebound

Exceptional submarket dynamics – Atlanta I-75 North Corridor

Approximately 213.0M SF of industrial inventory, positioning the I-75 North Corridor as one of the Southeast’s most dynamic and liquid industrial submarkets.
Leasing activity totaled 7.7M SF in 2025
530,000 SF already pre-leased for 2026.
Q4 2025 net absorption reached 471,000 SF - notable rebound from negative absorption of (131,113) SF in Q1 2025.
Vacancy remained stable - ranging narrowly between 7.0% and 7.2%
Atlanta’s total vacancy rate sits at 9.6%, proving I-75 North Corridor’s relative outperformance and strong demand fundamental
Approximately 1.5M SF of new product delivered in 2025

Appalachian Regional Port

Opened in August 2018 - port capacity of 75,000 containers per year.
Sits on 42 acres in NW Georgia’s Murray County and provides a powerful gateway of import goods to the Sunbelt and Midwest, along with export goods to all global markets.
The inland port offers exclusive CSX service on a direct, 288-mile rail route to / from the Port of Savannah’s Garden City Terminal.
Recently, the Appalachian Regional Port (ARP) set a record in November 2025 with seven trains per week carrying nearly 4,000 containers—a 35% increase from November 2024.

Quality tenancy

Mannington Mills, Inc.:

Mannington Mills, Inc. is a fifth generation, privately held U.S. flooring manufacturer with over 110 years of operating history.
Produces a diversified portfolio of commercial flooring products, including LVT, sheet vinyl, laminate, and rubber flooring.
Operates multiple U.S. manufacturing and distribution facilities serving national and international markets.
Long-term industry presence and diversified product mix support a stable, institutional-quality tenant profile

Mattex Group Corporation:

Mattex Group is a global manufacturer of synthetic materials and polymers with diversified operations across the U.S., Middle East, and UAE, serving flooring, construction, and industrial end markets.
It’s international footprint and specialized production capabilities allow the company to efficiently serve regional and global demand while maintaining supply-chain reliability.