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Metro Atlanta Distribution Center Trades for $13M
JLL has arranged the $12.6 million sale of Pactiv Distribution Center, a 300,000-square-foot, warehouse and distribution facility, along with an adjacent rail-served concrete terminal and billboard along Interstate 20 in the Atlanta-area community of Covington.
Pactiv Distribution Center recently underwent significant capital improvements and is currently occupied by Pactiv LLC, a global manufacturer and distributor of food packaging and foodservice products with $3.8 billion of revenue in 2018.
The property features 24-to 26-foot clear heights, 170-foot truck court depth, 14 dock doors, one drive-in door and a low office finish. The rail served concrete terminal is fully leased by Holcim US, the primary U.S. subsidiary of a $27 billion revenue construction materials firm. The billboard is leased to Clear Channel.
Britton Burdette, Pete Pittroff and Brent Bono of JLL represented the seller, IAI Covington LP. A partnership between Great Point Properties and The RSP Companies acquired the property.
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
