Lee & Associates Arranges Sale of 85K-SF Industrial Facility in Atlanta
Lee & Associates has represented Stonelake Capital Partners in the acquisition of 307 Fulton Industrial Circle, an 84,862-square-foot industrial warehouse in Atlanta’s Fulton Industrial corridor. The sales price and seller were undisclosed.
The facility is nearby I-20 West, Charlie Brown Airport, Hartsfield Jackson International Airport, a new UPS facility and a new Amazon fulfillment facility as well as a number of other national manufacturers and distributors. The acquisition represents one of the Texas-based investment firm’s first investments outside of Texas in 13 years. Since the acquisition, Stonelake has grown their Atlanta portfolio to 1.3 million square feet with plans to continue to target the Atlanta market over the next 18-months.
Mike Sutter and Connor Winkler of Lee & Associates represented Stonelake Capital in the acquisition. Additionally, The Lee & Associates team structured a 1-year leaseback with the current occupant, Wilheit Packaging, allowing them to operate their business without any relocation disruptions.
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. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.