LM Acquires Fully-Leased Atlanta-Area Cold Storage Facility

LM Real Estate Partners acquired a newly constructed 99,750-square-foot cold storage facility for $27.5 million. Jones Development was the seller. It’s located at 109 Thompson Road in Hiram, Ga. 

Colliers Capital Markets Advisors Robyn Hurrell, Kyle Kidd, Alex Cantu and Alex Davenport represented the seller in the transaction. Colliers’ Debt & Structured Finance team, including Nathan Lynch and Michael Sogluizzo, arranged acquisition financing on behalf of the buyer.

Hungryroot has leased out the entire building. The company is an AI-powered grocery and meal delivery platform that is using the property as its Southeast U.S. distribution hub. The facility includes freezer, refrigerated and ambient storage components and serves as a mission-critical node within Hungryroot’s national logistics network.

Hungryroot has invested more than $6.3 million in the facility, including material-handling systems, refrigeration enhancements, slab reinforcement and operational infrastructure.

LM Real Estate Partners is one of the largest private real estate investment firms focused on industrial and logistics real estate across the Southeast.