Real estate private equity firm Stonelake Capital Partners has acquired a seven-property, 530,000-square-foot industrial portfolio in Atlanta. The sales price and seller were not disclosed.
The portfolio consists of 5025 North Royal Atlanta Drive in Tucker; 4164 Northeast Expressway in Atlanta; 470 and 472 Plaza Drive in Atlanta and 4820 Clark Howell in Atlanta. Stonelake is also currently under contract on an additional 300,000 square feet of industrial assets across Atlanta which will bring Stonelake’s ownership of Atlanta industrial warehouses to 26 buildings totaling 1.6 million square feet in 2020.
Stonelake acquired the portfolio via an off-market transaction through Stonelake Opportunity Partners V LP, which is Stonelake’s fifth (5th) private equity fund totaling $326 million in equity capital commitments.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.