Weaver Capital, Seng Divest Atlanta Infill Industrial Facility
Piedmont Warehouses, a two-building, shallow-bay, light industrial property totaling 120,800 square feet in Atlanta, has traded hands. The seller was a partnership between Weaver Capital Partners and The Seng Company. The buyer of the asset was undisclosed.
Situated on 5.6 acres at 2091-2241 Faulkner Rd., the infill industrial property is positioned directly between the Buckhead and Midtown central business districts, surrounded by affluent neighborhoods with increasing residential density. Piedmont Warehouses represents one of the few remaining options for functional distribution space serving small and mid-size tenants.
The buildings were renovated in 2018 and feature 34 dock-high doors, 16-foot clear heights, 25% office finish and numerous suites with air-conditioned warehouse space.
JLL Capital Markets handled the transaction on behalf of the seller.
For comments, questions or concerns, please contact Dennis Kaiser