Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Atlanta & Southeast  + Industrial  | 

Light Industrial Park in Atlanta’s Cumberland Submarket Trades for $39M

JLL has arranged the $38.5 million sale of a four-building light industrial business park totaling 281,677 square feet in Atlanta’s Cumberland Galleria submarket.

Situated on nearly 23 acres at 120 Interstate Northwest, the portfolio is located at the interchange of interstate 75 and 285. The property is currently 87 percent leased to 36 tenants and consists of 43 suites with an average size of 6,545 square feet. Since 2016, the park has undergone a multi-million-dollar renovation and features 14- to 18-foot clear heights, new roofs, 34 dock-high doors, 39 grade-level roll ups and ample parking.

Dennis Mitchell, Matt Wirth, Britton Burdette and Crosby Taylor of JLL represented the seller, a joint venture between The Ardent Cos., Taconic Capital Advisors and Axonic Capital. Albany Road Real Estate Partners purchased the asset through Albany Road Fund III, a closed-end vehicle with $225 million committed to date.

Subscribe to Connect Daily National

For comments, questions or concerns, please contact David Cohen


Inside The Story

Connect With JLL’s MitchellConnect With Ardent Cos.

About David Cohen

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.

  • ◦Sale/Acquisition
New call-to-action