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Atlanta & Southeast  + Industrial  |  February 4, 2020
David Cohen
By: David Cohen

Plymouth Industrial Acquires Georgia Distribution Portfolio for $35M

Plymouth Industrial REIT has acquired a five-property warehouse and distribution portfolio in Atlanta and Savannah for $34.7 million.

The 924,036-square-foot portfolio is comprised of two Atlanta-area properties in Shannon and Covington, as well as three Savannah-area properties. The portfolio features clear heights ranging from 20 to 40 feet, 66 dock-high doors and low office finish. Another 60 acres of land adjacent to the Shannon property was retained by the seller, which can develop up to 750,000 square feet.

Britton Burdette, Matt Wirth, Pete Pittroff, Dennis Mitchell, Patrick Nally and Crosby Taylor of JLL represented the seller, Hight|Knox Properties, in the transaction.

“The Georgia Industrial portfolio is a perfect example of investors’ growing appetite for below replacement cost industrial assets within strong performing markets with a high growth outlook,” said Burdette.

For comments, questions or concerns, please contact David Cohen

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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.
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