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Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to offer for sale the Living Earth Portfolio (“the Property”), a portfolio consisting of five light-industrial properties strategically located in 3 of Houston’s robust submarkets and 2 of Dallas’ premier industrial hubs. The portfolio is 100% leased to Living Earth, the largest manufacturer and provider of mulch, compost, and other landscaping materials in Texas & Tennessee. All five (5) of the properties are located in high-growth submarkets that have true barriers to entry and represent the most significant redevelopment opportunity in the state of Texas. Additionally, the portfolio averages a weighted average lease term of ~8 years, providing stable cash-flow throughout the life of the hold period and allowing investors the ability to significantly pay down their basis prior to redevelopment. The Living Earth Portfolio provides investors with the extremely rare opportunity to acquire significant scale in two of the country’s hottest industrial markets of Houston and Dallas, and the ability to capture significant upside upon redevelopment of the sites.
· Rare Large-Scale Opportunity
· Covered Land Play
· Stable In-Place Cash Flow With Unparalled Redevelopment Opportunity
· Significant Tenant Commitment
· Geographic Diversity
· Nation Leading Industrial Markets