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Westmount Realty Capital Adds Norcross Buildings to Collection of Industrial Properties
Westmount Realty Capital has acquired 5500 Oakbrook, two single-story industrial buildings totaling 56,602 square feet in the Atlanta submarket of Norcross, GA.
The asset sits along Oakbrook Parkway near two other Norcross properties recently acquired by Westmount, Plaza 85 and Norcross 85. The company now owns eight properties across the bigger Atlanta metro area, representing nearly one million square feet.
“With the Norcross Atlanta submarket rapidly growing, Oakbrook will continue to propel Westmount’s expanding portfolio in this active industrial market,” said Nick Sands, Westmount’s managing director of acquisitions in the Southeast. “The rapid growth combined with the vast businesses and varied retail options make for an accessible area for Westmount to continue to grow.”
5500 Oakbrook was constructed in 1980 and is currently 100% leased to 20 tenants with an average lease size of 2850 square feet. Westmount’s five-year renovation plan includes two roof replacements and repairs, parking lot repairs and HVAC repairs and replacements.
- ◦Sale/Acquisition
