Manulife Completes 1M-Sq-Ft Lease Deal for Distribution Facility in SE Atlanta
Manulife Investment Management, together with Reliant Real Estate Partners, has secured a 1 million-square-foot lease at Locust Grove Distribution Center. The facility is in the Atlanta suburb of Locust Grove
CJ Logistics America took a full-building, long-term lease at 700 Price Drive. Part of a 311-acre business park, Locust Grove Distribution Center is a recently constructed Class A industrial facility.
“Locust Grove Distribution Center was developed as a strong core industrial asset in one of the best performing industrial markets in the country,” said Erik Gustafson, head of U.S. real estate asset management at Manulife Investment Management.
Atlanta’s transportation network includes the busiest passenger airport in the world, three major interstate highways and the port of Savannah within a three-hour drive. Reliant’s co-founder and principal Tyler Fann and Adam Richards oversee industrial leasing for Locust Grove Distribution Center. CJ Logistics America was represented in the transaction by Lynn Reich, Suzanne Serino, Sean Boswell and Scott Plomgren of Colliers.
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 he makes the transition from an utterly failed racehorse to a lovely show hunter.