PRIMARY
BRITTON
Senior Managing Director britton.burdette@jll.com
404.995.2302
maggie.dominguez@jll.com
678.378.4593
BOBBY
bobby.norwood@jll.com
404.460.1652
SIBLEY
404.426.0008
3 EXECUTIVE SUMMARY
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.
Address
RBA
Year built
Tenancy
950 Riverbend Drive, Dalton, GA 30721
506,210 SF
1955 / renovated in 2020
100% Leased | Mattex Group Corporation | Mannington Mills, Inc.
Weighted average remaining lease term 3.6 year WALT
Annual escalations
Mattex Group Corporation: 3.00%
Mannington Mills, Inc.: 4.75%
Reimbursements NNN
Year 1 NOI
$2,278,178
INVESTMENT HIGHLIGHTS
Opportunity overview and location highlights:
• Located in an industrial ecosystem that is anchored by credit-worthy, large manufacturing employers (such as Shaw, Mohawk, Engineered Floors, and Qcells) that support third-party leasing and industrial property demand.
» Many regional employment drivers in flooring, solar manufacturing, and related industrial supply chain sectors contribute to robust distribution and industrial real estate fundamentals.
» Strategic proximity to I-75 and other major industrial corridors enhances access to the Southeast and national freight networks, appealing to distribution users, 3PLs, and manufacturing tenants.
• Attractive near-term mark-to-market opportunity supported by a 3.6-year WALT and in-place rents approximately 12% below market, providing embedded upside upon lease rollover.
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.
» Operates through its subsidiary, Amtico International, and its Mannington Commercial division:
◊ Amtico International – Global leader in high-design luxury vinyl tile, specified across premier commercial, healthcare, and hospitality projects worldwide.
◊ Mannington Commercial – National platform delivering resilient flooring solutions to corporate, healthcare, and education users.
• 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.
» The Company has two major product lines: carpet backing and artificial grass yarn. For the year ended December 31, 2024, the total net sales of carpet backing and artificial grass yarn was approximately $58,000,000.
• It’s international footprint and specialized production capabilities allow the company to efficiently serve regional and global demand while maintaining supply-chain reliability.
» Key producer of synthetic carpet backing systems for major U.S. and international flooring manufacturers.
» Mattex Manufacturing USA serves as the Group’s primary North American manufacturing platform, reinforcing long-term tenant commitment.
INVESTMENT HIGHLIGHTS
Atlanta industrial market
• Market rents average $9.80/SF, reflecting 2.8% annual growth, more than double the national average rent growth of 1.3%.
» Rent growth momentum underscores continued tenant demand, while pricing remains competitive relative to the national average of $12.00/SF.
• Construction activity has moderated, with 12.4M SF under construction at year-end 2025, down 11.5% year-over-year and well below the five-year average of 28.4M SF.
• 2025 completions totaled 11.5M SF, below the five-year average of 26M SF, while Q4 completions increased 64% quarter-over-quarter, positioning the market for a rebound in 2026.
• Large-block demand remains strong, with 10 move-ins totaling 5.1M SF versus 3 move-outs totaling 1.8M SF.
• Net absorption improved 27% month-over-month and 13% year-over-year, closing 2025 with 2.4M SF of absorption in Q4, the strongest quarter of the year.
• Q4 accounted for 47.2% of total 2025 absorption, signaling accelerating momentum entering 2026.
» Large-format spaces (250,000 SF–1M+ SF) generated 3.3M SF of positive absorption, highlighting sustained institutional-scale tenant demand.
Exceptional
submarket dynamics – Atlanta I-75 North Corridor
• I-75 North Corridor encompasses 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, creating strong momentum heading into 2026, with 530,000 SF already pre-leased for 2026.
• Q4 2025 net absorption reached 471,000 SF, representing a notable rebound from negative absorption of (131,113) SF in Q1 2025.
• Vacancy remained stable throughout 2025, ranging narrowly between 7.0% and 7.2% across all four quarters, reflecting balanced supply and demand.
» Atlanta’s total vacancy rate sits at 9.6%, proving I-75 North Corridor’s relative outperformance and strong demand fundamentals.
• Approximately 1.5M SF of new product delivered in 2025, demonstrating continued developer confidence in the corridor.
Currently, the Atlanta market ranks number two in demand, generating over 6% of nationwide industrial requirements, with 3PL and logistics and distributioncompanies serving as the primary demand drivers.
Appalachian Regional Port
• The Appalachian Regional Port (ARP) opened in August 2018 and has experienced explosive growth with a port capacity of 75,000 containers per year.
• ARP sits on 42 acres in NW Georgia’s Murray County and provides a powerful new gateway of import goods to the Sunbelt and Midwest, along with export goods to all global markets.
» This will continue to drive tenant requirements to the I-75 N submarket as the port grows.
• The inland port offers exclusive CSX service on a direct, 388-mile rail route to / from the Port of Savannah’s Garden City Terminal.
• Recently, the Georgia Ports Authority announced that the Appalachian Regional Port (ARP) in rural Murray County (GA) set a record in November 2025 with seven trains per week carrying nearly 4,000 containers—a 35% increase from November 2024.
METRO ATLANTA MAP
ACCESS TO CONSUMERS AND LABOR
GEORGIA
TENANT OVERVIEW
Tenant: Mannington Mills, Inc
Website: www.mannington.com
320,000 SF
4/30/2029 LXD
• Mannington Mills, Inc., headquartered in Salem, NJ and founded in 1915, is a family-owned global flooring manufacturer with over 100 years of continuous operations and production expertise.
• The company designs, manufactures, and markets a broad portfolio of commercial flooring products, including LVT, sheet vinyl, laminate, and rubber flooring.
• Mannington products are distributed across the United States and internationally under multiple brands, reflecting a diverse product offering and multiple market channels .
» Mannington Mills, Inc. operates as a diversified flooring manufacturer with Amtico International (UK-based luxury vinyl tile manufacturer) as a subsidiary.
Tenant: Mattex Group Corporation
Website: www.mattex.com
186,210 SF
1/31/2031 LXD
2024 Rev: $58M
• Mattex Group Corporation, a top-tier, B2B group, is a global manufacturer of synthetic materials and polymer-based products, serving the flooring, construction, and industrial end markets.
• The company operates a vertically integrated manufacturing platform with diversified international operations, supporting large-scale production and long-term customer relationships.
• Mattex maintains diversified operations across the United States, Middle East, and UAE, with their subsidiary, Mattex Manufacturing USA, serving as the Group’s primary North American manufacturing platform.
• Mattex serves a diversified customer base within the flooring and textiles supply chain, producing high-performance backing systems that are critical to carpet manufacturing.
• The company benefits from long-term customer relationships, specialized production processes, and a global sourcing and its U.S. operations support both domestic and broader international demand.
11 PROPERTY OVERVIEW
PROPERTY SPECS
Building Name 950 Riverbend
Address 950 Riverbend Drive, Dalton, GA 30721
Total SF
Office SF
Mannington Mills, Inc.: 320,000 SF
Mattex Group Corporation: 186,210 SF
Mattex Group Corporation: 3,032 SF of office and 818 SF of warehouse mezz office space
Mannington Mills, Inc.: 2,912 SF of office and 939 SF of warehouse mezz office space
Total: 7,701 SF of office space. Office space for both tenant’s includes restrooms.
Acreage +/- 20 acres
Year Built 1955 / Renovated 2020
Clear Height 18’ - 21’
Zoning M-2 Heavy Manufacturing
Configuration
Roof
Pre-engineered and steel-framed structures with open web joists, joist grinders, and interior steel columns, supporting metal roof deck with load-bearing CMU walls
TPO roofs covering a total of 214,094 SF with 18 years of remaining warranty, 218,000 SF of roof with 4 years remaining, and roughly 74,116 SF of metal roof (no warranty)
Dock-High Doors 45
Drive-In Doors 9
Dock Equipment Dock bumpers and dock levelers at loading docks
Building Depth 440’
Truck Court Depth Mattex - varies; Mannington - 115’
Auto Parking +/- 185 Auto Parking Spots
Truck Parking Varies based on how much space is used for auto parking.
Column Spacing Varies; approximately 28’0” x 25’-8”, 58’-9” x 24’-4” and 54’-5” x 29’-5”
Slab 6” thickness
Electrical Existing – 3 phase power, 480-volt, 1,200 AMP
Fire Prevention Wet system
Lighting New LED Lighting
MATTIE
14 LOCATION OVERVIEW
ATLANTA
• Atlanta’s industrial market ended Q4 2025 with steady leasing and absorption activity, supported by large-block move-ins and major occupancies in recently delivered buildings, while small space leasing remained active.
• Vacancy rates remained stable quarter-over-quarter as the strong quarterly net absorption balanced deliveries coming on stream not yet fully leased.
• For the first time since the pandemic, less than 10M SF of projects broke ground with over 80% of these being spec developments. Around three-quarters of the existing pipeline is expected to deliver at the start of 2026.
market ended Q4 2025 with steady leasing and absorption activity, supported by large -block move-ins and major recently delivered buildings, while small space leasing remained active.
remained stable quarter-over-quarter as the strong quarterly net absorption balanced deliveries coming on stream
the pandemic, less than 10 million s.f. or projects broke ground with over 80% of these spec develop ments.
quarter’s of the existing pipeline is expected to deliver at the start of 2026.
The Atlanta industrial market demonstrated notable late-year momentum as Q4 represented 47.2% of 2025’s total net absorption of 5.1M SF This improvement was driven primarily by large-block occupancies, including two deals that each exceeded 1M SF — the largest individual move-ins for the year. Vacancy and availability rates remained largely stable, supported by historically low deliveries. Vacancy was concentrated in newer developments delivered since 2022, accounting for 34% of total vacant space, with spaces larger than 250,000 SF representing 47.1% of total vacancies.
demonstrated notable late-year momentum as Q4 represented 47.2% of 2025's total net absorption of 5.1 million driven primarily by large-block occupancies, including two deals that each exceeded 1 million s.f. the largest year. Vacancy and availability rates remained largely stable, supported by historically low deliveri es. Vacancy was developments delivered since 2022, accounting for 34% of total vacant space, with spaces larger than 250,0 00 s.f. vacancies.
muted across the year with groundbreakings at their lowest level in recent years. Over 11.5 million s.f. was delivered strong start with 33 projects totaling 9.5 million s.f. expected in the first half of the year, with most delivering in split almost evenly between owner built and spec developments, but moving forward, 95% of the pipel ine is spec is a shift in trend from the past three years which saw a rise in owner built projects.
Construction activity was muted across the year with groundbreakings at their lowest level in recent years. Over 11.5M SF was delivered and 2026 is expected to see a strong start with 33 projects totaling 9.5M SF. expected in the first half of the year, with most delivering in Q1. Deliveries in 2025 were split almost evenly between owner built and spec developments, but moving forward, 95% of the pipeline is spec development and BTS which is a shift in trend from the past three years which saw a rise in owner built projects.
Leasing activity moderated in Q4, falling below 10M SF for the first time in recent memory but the market finished the year with over 47M SF of deals signed with around two-thirds being new leases. Smaller size leases were the most active across the year representing almost 60% of total deals, and there was also the return of deals greater than 1M SF with four signed in 2025, the highest number since 2022. 1M SF with four signed in 2025, the highest number since 2022.
Q4, falling below 10 million s.f. for the first time in recent memory but the market finished t he year with over 47 with around two thirds being new leases. Smaller size leases were the most active across the year representing though there was also the return of deals greater than 1 million s.f. with four signed in 2025, the highest number since
Outlook
strong across Atlanta and market dynamics will continue to reflect evolving occupier needs across man ufacturing, concessions expected to rise and leasing activity likely to adjust alongside new supply. Overa ll, the Atlanta measured movement through early 2026 with a focus on absorption of new space and stabilizatio n in key
Tenant activity remains strong across Atlanta and market dynamics will continue to reflect evolving occupier needs across manufacturing, logistics and technology, with concessions expected to rise and leasing activity likely to adjust alongside new supply. Overall, the Atlanta industrial market is set to see measured movement through early 2026 with a focus on absorption of new space and stabilization in key fundamentals. Historical
I-75 NORTH CORRIDOR R
The I-75 North Corridor stretches from I-285 in Metro Atlanta to Chattanooga, TN and has one of the highest truck traffic counts in the country due to its ability to provide rapid access throughout the Metro Atlanta area and greater Southeast and Midwest regions. Robust population growth and thriving industries, particularly e-commerce, flooring and automotive, are driving unprecedented demand for state-of-the-art distribution and manufacturing facilities throughout the corridor.
I-75 NORTH UPPER PORTION
Counties: Whitfield, Murray, & Catoosa
NORTH MIDDLE PORTION
I-75 NORTH CORRIDOR MARKET OVERVIEW
I-75 N UPPER PORTION
POPULATION: 212,775
POPULATION GROWTH SINCE 2010: 3.20%
MEDIAN HOUSEHOLD INCOME: $67,630
BACHELOR’S DEGREE (25+): 12.20%
The I-75 North Upper Portion has one of the lowest historicalvacancy rates in the Southeast, averaging 2.04% in 2025. Limited speculative development has helped maintain low vacancy rates and restricted a competitive market. The Upper Portion is poised for demand as high barriers to entry in the Chattanooga market push users south.
NOTABLE DEVELOPERS
• Tenby Partners – 2.2 MSF
• Barrett Properties – 882 KSF
• Dossche Holdings – 600 KSF
• InLight - 523 KSF
NOTABLE OWNERS
LX PANTOS - 1.1 MSF
• Brennan – 552 KSF
• Gladstone – 504 KSF
• Oak Street – 311 KSF
NOTABLE TENANTS IN THE MARKET:
• Shaw Industries - 6.2 MSF
• Mohawk - 2.2 MSF
• Samsung - 603 KSF
• LX Pantos - 574 KSF
I-75 N MIDDLE PORTION
POPULATION: 567,230
POPULATION GROWTH SINCE 2010: 21.72%
MEDIAN HOUSEHOLD INCOME: $88,234
BACHELOR’S DEGREE (25+): 21.40%
In 2025, the I-75 North Middle Portion absorbed nearly 1.4M SF of product while average rents grew to $7.94 PSF - a 37% increase from 2021. Vacancy significantly increased to 15.0% in 2023 due to record high deliveries of 5.4M SF in 2022 and 11.4M SF in 2023, but has since declined to 9.7% as tenants have begun to absorb the new product.
NOTABLE DEVELOPERS
• IDI Logistics – 3.1 MSF
• MDH Partners – 2.6 MSF
• Core5 – 1.8 MSF
• InLight – 1.5 MSF
NOTABLE OWNERS
• Ashley Capital – 3.6 MSF
• LXP Industrial Trust – 1.6 MSF
• KKR – 1.5 MSF
• Thor Equities – 1.4 MSF
NOTABLE TENANTS IN THE MARKET:
• Hyundai/SK - 3.3 MSF
• Lowe’s - 1.4 MSF
• Vanderlande - 1.2 MSF
• Hanwha Q Cells - 1.2 MSF
• Shaw Industries - 1.2 MSF
• 100% Freeport inventory tax exemption - all inventory is eligible for tax exemption in Bartow and Gordon Counties. “Game changer” in bringing new tenant requirements to the I-75 North Corridor
• Positive dynamics of the I-75 North Corridor have attracted institutional owners and developers
• High barriers to entry for new industrial development:
» Rocky soil and difficult topography limit industrial development in the north
» Heavy residential areas, natural lake barriers, universities and more limit development to the south
I-75 N INFILL PORTION
POPULATION: 785,427
POPULATION GROWTH SINCE 2010: 14.15%
MEDIAN HOUSEHOLD INCOME: $101,747
BACHELOR’S DEGREE (25+): 32.40%
The I-75 North Infill Portion remains highly sought after, with a low vacancy rate of 6.8%—29% below the Atlanta MSA average. Known for its smaller shallow bay and light industrial properties, this area consistently commands higher average rents, driven by both its product mix and close proximity to Atlanta.
NOTABLE DEVELOPERS
• Hartz Mountain Industries – 1.4 MSF
• Shaheen & Co. – 1.3 MSF
• TA Realty – 1.3 MSF
• The Arden Group – 1.1 MSF
NOTABLE OWNERS
• Prologis – 5.8 MSF
• Blackstone – 5.4 MSF
• EQT Real Estate – 1.5 MSF
• Clarion Partners - 1.2 MSF
NOTABLE
TENANTS IN THE MARKET:
• Lockheed Martin - 3.2 MSF
• Atlanta Bonded Warehouse - 1.2 MSF
• FedEx - 1.0 MSF
• Czarnowski - 570 KSF
» I-75 Northwest corridor possesses the heaviest truck count in the state
• Heavily embedded tenant base of production and assembly operations and many high-finish R&D requirements drive rent growth for investors
• Impeccable access to both working and highly skilled labor
» Population growth rates since 2010 – 16.51% within a 60-minute drive
» Nearly 28.80% of the population within a 60-minute radius possesses a bachelor’s degree, while 17.70% possess a graduate/professional degree
» Manufacturing/R&D base within the corridor provides skilled labor
DALTON, GEORGIA INDUSTRIAL MARKET
The Dalton industrial market remains a tight, supply-constrained environment, with vacancy at 3.8% as of Q1 2026. While vacancy has increased modestly over the past year following 240,000 SF of new deliveries and -680,000 SF of net absorption, it remains low in an absolute sense and is forecast to stabilize around 4.2% by year-end 2026. The market currently offers approximately 1.6 million SF of available space (4.4% availability). Importantly, there is no industrial product currently under construction, a meaningful supply constraint relative to historical development levels, which positions the market for tightening as demand normalizes. Dalton’s industrial base totals approximately 36.0 million SF, anchored by 25.4 million SF of logistics inventory, alongside flex and specialized manufacturing product that supports the region’s established industrial ecosystem.
Rental fundamentals remain healthy, with average rents of $5.70/SF and 3.4% year-over-year growth, outperforming the national average. Long-term growth trends remain strong, with 5- and 10-year average rent growth of 8.2% and 6.9%, respectively, and continued positive growth expected through 2026. Overall, Dalton offers investors a stable, supply-disciplined industrial market supported by durable manufacturing and logistics demand drivers.
Manufacturing represents the largest employment sector in Dalton, supported by a high concentration of specialized labor and long-standing industry presence, The region produces approximately 80–90% of the carpet used in the United States
Dalton contains approximately 8.2M SF of specialized industrial inventory, which continues to exhibit lower vacancy levels than logistics and flex assets.
Norfolk Southern and CSX: The rail system in Dalton, Georgia,
DALTON, GA: THE FLOORING & CARPET CAPITAL OF THE WORLD
Dalton’s global leadership in carpet manufacturing has created a deeply entrenched industrial ecosystem that continues to drive sustained tenant demand, infrastructure investment, and longterm occupancy stability across the market. The region produces approximately 80–90% of the carpet used in the United States, along with a significant share of global output, positioning Dalton as the unquestioned center of the industry.Today, the Dalton area is home to 150+ carpet manufacturing facilities and tens of thousands of industrial jobs, anchored by major employers such as Shaw Industries, Mohawk Industries, and Engineered Floors, which collectively occupy millions of square feet of industrial space. This established industrial base has also attracted new advanced manufacturing users to the market, further diversifying and strengthening the local economy.
As a result, Dalton’s position as the “Flooring & Carpet Capital of the World” has created one of the most durable and resilient industrial submarkets in the Southeast by:
• Anchoring demand with large-scale, credit manufacturing tenants
• Establishing a fully integrated industrial supply chain ecosystem
• Creating sticky tenancy and long-term occupancy stability
• Supporting strong transportation and logistics infrastructure
• Providing a deep, experienced industrial labor base
• Attracting new advanced manufacturing investment and diversification
Anchor Carpet
Carpet Mills Inc
Shaw Industries - Plant 03 Kaleen Rugs, Inc.
Mayberry Carpet and Rug Shaw Industries - Plant 52
Miller Hospitality
EASTERN SUNBELT PRODUCTION HOTBED
The Atlanta I-75 North corridor is surrounded by production operations which bring tenant requirements to the area from not only inside the Atlanta market, but also from outside the area. This scale of production clustering is not seen in any other Atlanta submarket. These operations include the booming flooring, automotive, aerospace and food & beverage industries in addition to chemical, nuclear, metals, packaging and more across the broader Southeast
STATEWIDE ASIAN INVESTMENT
• Asian-headquartered companies represent one of Georgia’s fastest-growing sources of foreign direct investment, supporting tens of thousands of jobs statewide.
• Georgia continues to rank among the top U.S. states for Japanese and South Korean investment, driven by advanced manufacturing, EV, solar, and materials production.
• The I-75 Corridor has emerged as a primary landing point for Asian manufacturers due to its labor availability, logistics infrastructure, and proximity to the Port of Savannah.
• Recent capital commitments from South Korean and Japanese firms reinforce long-term tenant demand and supply-chain clustering across Northwest Georgia.
I -75 CORRIDOR PREMIER INVESTMENTS
Hanwha Q Cells [NASDAQ: HQCL]:
• Qcells closed on a $1.45 billion Energy Department loan guarantee to support its solar panel manufacturing facility in Cartersville, Georgia in December 2025.
• The facility aims to create 1,650 full-time jobs and generate 3.3 GW of solar panels annually, enough to power 500,000 homes and reduce CO2 emissions by over five million tons per year.
• According to DOE, the factory is the largest ingot and wafer plant ever built in the U.S., with the potential of sales output reaching more than $2 billion.
SK Battery Plant [KRX: 034730]:
Yakult [OTC: YKLTY]:
• The SK Battery Plant was delivered in 2025 and occupies a total of 250 acres.
• SK Innovation invested a total of $2.8 billion, creating 2,600 new jobs in Dalton and Commerce, and producing enough batteries to power approximately 330,000 EVs annually.
• The Japanese company has invested a total of $305 million to build the plant with the expected delivery date of 2026.
• The plant will generate 90 new jobs and will produce just shy of 1 million bottle per day.
NORTHWEST PROJECTS DRIVING FUTURE TENANT DEMAND
HANWHA Q CELLS
• Hanwha Qcells, a subsidiary of South Korea–based Hanwha Group, operates one of the largest solar manufacturing platforms in the Western Hemisphere, with major production facilities in Dalton and Cartersville, Georgia.
• Qcells announced more than $2.5 billion of cumulative investment in Georgia to establish a fully integrated U.S. solar supply chain, including ingots, wafers, cells, and modules.
• The Cartersville expansion is expected to add approximately 3.3 GW of annual solar module capacity, reinforcing Georgia’s role as a national clean-energy manufacturing hub.
• In 2024, Qcells completed a $171 million expansion at its Dalton facility, increasing total production capacity and supporting additional skilled manufacturing employment in Northwest Georgia.
Market Impact
Qcells’ long-term capital commitment has accelerated supplier co-location, logistics demand, and labor absorption across the I-75 Corridor, supporting sustained industrial real estate demand tied to energy and advanced manufacturing users.
SK ON / HYUNDAI—EV BATTERY MANUFACTURING PLATFORM
• SK On, in partnership with Hyundai Motor Group, developed a large-scale EV battery manufacturing facility in Bartow County, Georgia, representing a $5 billion investment .
• The facility is designed to produce up to 35 GWh of battery cells annually, sufficient to supply approximately 300,000 electric vehicles per year for Hyundai, Kia, and Genesis models manufactured in the U.S.
• The project reached production in the second half of 2025, reinforcing Georgia’s position as a critical node in the U.S. EV supply chain.
• SK On already operates battery manufacturing facilities in Georgia, creating a clustered EV ecosystem that continues to attract Tier-1 and Tier-2 suppliers to Northwest Georgia.
Market Impact
The Hyundai / SK On platform supports long-term industrial absorption across the region by anchoring upstream materials, component suppliers, and downstream logistics operations tied to EV manufacturing growth.
APPALACHIAN REGIONAL PORT
INLAND RAIL TERMINAL
• The Appalachian Regional Port (ARP) opened in August 2018 and has experienced explosive growth. Current throughput sits at 37,000 containers - a 9% increase YoY
• The ARP achieved its busiest November on record moving 3,876 containers - nearly a 35% jump over November 2024
» 10-year development plan that will double the current capacity from 75,000 containers per year to 150,000
• ARP sits on 42 acres in NW Georgia’s Murray county and provides a powerful new gateway of import goods to the Sunbelt and Midwest, along with export goods to all global markets
» This will continue to drive tenant requirements to the I-75 N submarket as the port grows
• With easy access to I-75 and US-411, both Birmingham and Nashville are within a 3-hour drive, and downtown Atlanta can be reached in under 1 hour
• The inland port offers exclusive CSX service on a direct, 388-mile rail route to / from the Port of Savannah’s Garden City Terminal
75,000
CONTAINER CAPACITY PER YEAR
TRUCK MILES OFFSET PER CONTAINER 710
6,000 ft
OF WORKING TRACKS
2,975 TEUs EXCLUSIVE ACCESS CSX PORT VOLUME 75%
STORAGE CAPACITY
THE WORLD’S BUSIEST AIRPORT
HARTSFIELD-JACKSON
ATLANTA INTERNATIONAL AIRPORT
MAJOR RAILROADS & TRANSPORTATION
23 FINANCIAL OVERVIEW
ASSUMPTIONS
GLOBAL ASSUMPTIONS
ASSUMPTIONS
(Est. Yr. 1):
VALUATION NOTES
* Parking income is contractually $4,049 per month through 1/31/27 and then grown 4% annually with 6 months downtime and 85% renewal probability.
* The Seller will credit any outstanding free rent.
Riverbend Dr
EXISTING RENT & ROLLOVER SCHEDULE
CASH FLOW
LEASE ABSTRACT
Tenancy: Mattex Group Corporation
Lease Commencement: 2/1/2026
Rent Commencement: 8/1/2026
Lease Expiration: 1/31/2031
Leased SF: 186,210 SF
Lease Structure: NNN
Rent Escalations: 3.00%
Renewal option
Provided that no Event of Default exists, or would exist but for the passage of time or giving of notice (or both), then Tenant shall have the right to extend the Term of this Lease for one additional term of thirty-six (36) months (such additional term is hereinafter called the “Extension Term”) commencing on the date immediately following the expiration of the then-present Term. Tenant shall give Landlord written notice of its election to extend the term at least twelve (12) months prior to the then-scheduled expiration date of the Term (the “Renewal Notice”). The annual Base Rent during the Extension Term shall be (i) $1,026,017.10 for the first year of the Extension Term, (ii) $1,056,797.61 for the second year of the Extension Term and (iii) $1,088,501.54 for the third year of the Extension Term. Except for the Base Rent as determined above, Tenant’s occupancy of the Premises during the Extension Term shall be on the same terms and conditions as are in effect immediately prior to the expiration of the then-current Term. If Tenant does not give Renewal Notice within the period set forth above, Tenant’s right to extend the Term shall automatically terminate. Time is of the essence as to the giving of the Renewal Notice.
Expansion option
Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, (i) initially, 146,210 square feet of the Building as outlined on Exhibit A-2, together with that portion of the Land included on the outline set forth on Exhibit A-1 (which includes the right to park thereon to the extent not interfering with any driveway (it being understood that portions of such parking area as marked on Exhibit A-1 will be available exclusively for Tenant’s use for trailer parking)) (the “Initial Premises”), and (ii) from and after the Additional Premises Delivery Date, an additional 40,000 square feet of the Building as outlined on Exhibit A-3 (the “Additional Premises”; the Initial Premises together with, from and after the Additional Premises Delivery Date, the Additional Premises, the “Premises”) on the terms and conditions set forth herein.
Expenses
Tenant is responsible for its proportionate share of Operating Expenses, including real estate taxes, insurance, utilities serving common areas, maintenance, repair, and replacement of non-structural components of the Building and Land. Controllable operating expenses are subject to an annual growth limitation, providing expense predictability.
Repair
Tenant is responsible for maintaining the Premises in good condition and performing routine maintenance and non-structural repairs, including mechanical, electrical, plumbing, dock equipment, and interior components. Landlord remains responsible for structural elements of the Building, including the foundation, roof, and load-bearing components.
Tenancy: Mannington Mills, Inc.
Lease Commencement: 1/1/2026
Lease Expiration: 4/30/2029
Leased SF: 320,000 SF
Lease Structure: NNN
Rent Escalations: 4.75%
Renewal option
There shall be no renewal of this Lease by operation of law; Tenant shall vacate the Property upon the expiration or earlier termination of this Lease.
Reduction of Premises
Pursuant to a Second Amendment to Lease Agreement dated October 22, 2025, the Lease was amended to reflect a reduction in the square footage of the Premises. Effective January 1, 2026, or earlier upon Tenant’s vacation of the applicable space, a portion of the Premises outlined on Exhibit A to the Amendment (the “Removed Portion”) was removed from the Lease. Following the reduction, the Premises contain 320,000 square feet, and Tenant no longer retains any right to occupy the Removed Portion. Base Rent and Tenant’s proportionate share of operating expenses were adjusted accordingly.
Expenses
Tenant is responsible for its proportionate share of Real Property Taxes, insurance premiums, utilities, and maintenance expenses as Additional Rent. Utilities are allocated based on Tenant’s proportionate square footage, calculated at approximately 17% of the total building area not separately metered.
Repair
Tenant is responsible for maintaining the interior and non-structural components of the Premises, including mechanical systems, equipment, and preventive HVAC maintenance. Landlord retains responsibility for the foundation, roof, and exterior walls, except to the extent damage is caused by Tenant.
PARKING SPACE RENTAL AGREEMENT ABSTRACT
Tenancy: MFG Chemicals, LLC.
Lease Commencement: 2/1/2026
Lease Expiration: 1/31/2027
Number of Spots: 32 Truck Parking Spots
Rent Escalations: 4.00% (per lease renewal)
Renewal option
Pursuant to the Amendment to Parking Space Rental Agreement, Landlord and Tenant have agreed to extend the Term of the Lease for one (1) additional renewal term (the “Renewal Term”), provided that the Lease is not otherwise terminated in accordance with its terms. The Renewal Term shall commence on February 1, 2026, immediately following the expiration of the prior term, and shall expire on January 31, 2027, at 11:59 p.m. During the Renewal Term, the Lease shall continue on the same terms and conditions as the existing Lease, except as expressly modified by the Amendment.
Rent
The minimum rental payment during the Renewal Term shall be $4,049.51 per month, payable in advance on the first (1st) day of each calendar month, commencing on the first day of the Renewal Term. All other rent-related provisions of the Lease remain unchanged.
Premises
The Premises consist of thirty-two (32) parking spaces together with a guardhouse located at the entrance of the parking lot serving the industrial property located at 950 Riverbend Road, Dalton, Georgia. Tenant’s use of the Premises shall remain consistent with the terms of the existing Parking Space Rental Agreement.
Insurance
Tenant shall, at its sole cost and expense, maintain throughout the Term of the Lease, including the Renewal Term, Commercial General Liability Insurance with limits of not less than $2,000,000 per occurrence, written on an occurrence basis, together with Contractual Liability coverage, Workers’ Compensation insurance as required by applicable law, and Automobile Liability insurance with limits of not less than $1,000,000. Landlord and any mortgagee shall be named as additional insureds. Tenant shall provide certificates of insurance and shall ensure policies provide for at least thirty (30) days’ prior written notice of cancellation or non-renewal. Landlord shall maintain fire and extended coverage insurance on the Building in an amount not less than eighty percent (80%) of full replacement cost, as well as comprehensive public liability insurance covering the Property.
Repairs and Maintenance
Tenant shall be responsible for maintaining insurance coverage for its personal property located on the Premises and shall bear the risk of loss thereof. Except as otherwise expressly provided in the Lease, Landlord shall have no liability for damage to Tenant’s personal property.
Landlord shall remain responsible for maintaining the Property and improvements in accordance with the terms of the Lease, including common areas and parking facilities, except to the extent damage is caused by Tenant.
Other Provisions
Except as expressly amended, the Lease is ratified and confirmed and remains in full force and effect. In the event of any conflict between the Amendment and the original Lease, the terms of the Amendment shall control. The Amendment is governed by the laws of the State of Georgia and is binding upon the parties and their respective successors and assigns.
PRIMARY
BRITTON BURDETTE
Senior Managing Director
britton.burdette@jll.com
404.995.2302
MAGGIE DOMINGUEZ
maggie.dominguez@jll.com
678.378.4593
BOBBY
404.460.1652
JIM
404.995.2399
DENNIS
SIBLEY
404.426.0008
PAIGE