Five Atlanta Industrial Buildings Part of $158M Southeast Portfolio Sale
JLL has closed the $157.8 million sale of a five-property industrial portfolio consisting of five buildings in East Point and Peachtree Corners, GA plus seven buildings stretched across Central Fl and Houston, TX. The portfolio totals 1.27 million square feet.
The assets comprise Class A and B distribution centers and shallow bay properties. Occupancy across the portfolio is 98% leased to a variety of public and private companies, including Raytheon, Iron Mountain and DAP Americas.
“The JLL team saw strong demand for this core/core plus industrial offering due to the ability to acquire critical mass in infill locations across Atlanta, Houston and Central FL,” said Mitchell. “The portfolio had a unique profile due to its 2.7-year WALT on existing assets, allowing for a short-term mark-to-market opportunity with committed tenancy.”
The industrial portfolio consists of:
North St. Petersburg, FL
West Bay Corporate Center 9700 16th Street and 9843 18th Street
Metropointe Commerce Center 9400, 9501, and 9701 International Court
3470 Maggie Boulevard
East Point, GA
Creekside Distribution Center 2110 Lawrence Avenue
Peachtree Corners, GA
Peachtree Nortech 5824, 5834, 5875 and 5885 Peachtree Industrial Boulevard
Corporate Center Fannin I 10001 Fannin St. Building I
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.