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Atlanta Property Group has acquired three industrial properties and one office property in Kennesaw, GA $48.7 million.

Atlanta Property Group Acquires Infill Industrial Portfolio in Kennesaw for $49M

Atlanta Property Group has acquired three industrial properties and one office property in Kennesaw, GA for a combined purchase price of $48.7 million.

“We have ample capital available to continue to invest in high-quality, infill industrial properties located in submarkets across the southeast where we are confident demand will outpace supply,” said Shep Dinos, managing partner at APG. “In 2023, we plan to build upon our momentum with the goal of doubling our industrial portfolio and expanding into new markets.”

Since reentering the industrial sector last year, APG has acquired 11 buildings totaling nearly 1 million square feet across the Atlanta, Charlotte and Nashville MSAs.

The portfolio comprises three warehouse facilities totaling 305,000 square feet located near Chastain Road. The properties are 100% leased to six tenants.

The 2000-construction office property is a single-story building spanning 72,000 square feet and is currently 73% leased. It is close Kennesaw State University, as well as the I-75 and I-575 interchanges.

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Atlanta Property Group's Dinos

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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