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BKM, Kayne Anderson Add 471K-SF Sandy Springs Warehouse Project to Atlanta Metro Holdings
BKM Capital Partners (“BKM”) and Kayne Anderson Real Estate have acquired Northridge Commons, a 471,000-square-foot industrial campus in Sandy Springs, Georgia, for $100 million. The acquisition brings BKM’s metro Atlanta holdings to approximately 1.5 million square feet, less than a year after the firm entered the market. Third & Urban was the seller.
Northridge Commons comprises seven multi-tenant buildings across 38 acres along the GA-400 corridor in Atlanta’s North Fulton County. Built between 1981 and 1982, Northridge Commons was originally developed as a shallow-bay industrial park. Suites range from 2,046 to 39,221 square feet with an average of 7,849. The campus is 90% leased,.
Brett Turner and Charlie Farmer, led the acquisition on behalf of BKM and Kayne Anderson. Nathan Williams of Scotland Wright Associates helped facilitate the transaction between BKM and Third & Urban.
BKM plans to reposition the campus and elevate it to match the firm’s broader portfolio standards.
- ◦Sale/Acquisition
