Atlanta & Southeast News In Your Inbox
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CushWake Brokers $127M Sale of Metro Atlanta Industrial Park
Cushman & Wakefield has brokered the $126.6 million sale of Gwinnett Commons, a 1.2 million-square-foot light industrial park in Atlanta’s I-85 Northeast corridor.
The 16-building, master-planned park also includes two infill development sites that are zoned M-1, ideal for modern warehouse development, which can support a total of 195,000 square feet. Gwinnett Commons is located eight miles from Interstate 285 and sits between three major Interstate 85 interchanges – Beaver Ruin Road, Steve Reynolds Boulevard and Pleasant Hill Road. At the time of sale, the 16 buildings are 97% leased.
Stewart Calhoun and Casey Masters of Cushman & Wakefield represented the seller, a partnership between affiliates of Westmount Realty Capital and Quilvest Capital Partners, in the transaction. Additionally, Brian Linnihan and Mike Ryan of Cushman & Wakefield secured acquisition financing on behalf of the buyer, CIP Real Estate.
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
