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Dogwood Industrial Snags 981K-SF Business Park in Norcross for $71M
Dogwood Industrial Properties has acquired Gwinnett Park, a 981,720-square-foot, 18-building light industrial and business park in Norcross. The sales price was $71.3 million.
Gwinnett Park’s buildings were constructed between 1973 and 1997. The buildings feature 18-22-foot clear heights, a mix of grade-level and dock-high doors, high parking counts and varied office finishes. The property is approximately 87% leased to more than 55 tenants in various sectors, including manufacturing, healthcare, logistics, education, consumer goods, marketing, financial services, engineering and commercial and business services.
Dennis Mitchell, Matt Wirth and Britton Burdette of JLL represented the seller, Irvine, California-based Sperry Equities, in the transaction. Dogwood is owned by TPG Real Estate Partners, the dedicated real estate equity investment platform of global alternative asset firm TPG.
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
