Westmount Realty Capital Adds Another Atlanta Area Industrial Portfolio
Westmount Realty Capital has purchased an industrial infill portfolio, Atlanta Plaza 85 portfolio, in the Atlanta submarket of Norcross. The 191,526-square-foot portfolio consists of nine flex/light industrial buildings, with each building averaging 21,281 square feet.
The Atlanta Plaza 85 portfolio sits northeast of Atlanta’s CBD. Its buildings were built between 1979 and 1987 and are 91.9% leased to 49 tenants.
The purchase comes on the heels of Westmount’s recent acquisition of the Phoenix Park portfolio, nine single-story office/medical/flex buildings spanning 288,219 square feet on a combined 24 acres south of Hartsfield Jackson International Airport.
“Atlanta’s industrial market had a strong start to the year in 2022, and leasing activity has continued to grow steadily,” said Nick Sands, Westmount’s senior director of industrial acquisitions. “As available spaces become hard to find and rates continue to rise, demand is not slowing down anytime soon. With nine different buildings in a thriving industrial market, the portfolio offers several options for growth in the northeast Atlanta suburbs.”
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 she makes the transition from an utterly failed racehorse to a lovely show hunter.
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