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Atlanta’s Largest 2018 Industrial Lease

A German real estate fund manager said it just closed on the acquisition of Southwest 85 Logistics Center , a property that landed the largest industrial lease in metropolitan Atlanta last year. GLL Real Estate Partners, the Munich-based real estate investment platform of Macquarie Group, bought the 1.2 million-square-foot distribution and logistics facility in Newnan, Georgia, from Core5 Industrial Partners, the Atlanta firm that developed the building. Terms of the transaction were not disclosed. The price likely was in the range of $75 million to $87 million - or $62 to 72 per square foot - based on comparable sales of new, fully leased industrial assets in the area. A comparable building at 5000 Bohannon Road, also on Atlanta's Southside, that's fully leased to battery maker Duracell sold in 2017 for $71 per square foot.   (more…)
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PRESS RELEASES

Core5 Leases Shugart Farms Full Building to Duracell Corporation

873,800 SF Lease is Among Top Leases of 2016 in Atlanta Region ATLANTA, February 27, 2017 – Atlanta-based Core5 Industrial Partners announced today an 873,800 square-foot lease to Duracell Corporation in their Shugart Farms property – Core5 Logistics Center at Shugart Farms. Duracell is the number one battery brand in the world.  The Core5 facility will provide Duracell distribution services for all of North America. Sonoco, one of the largest global diversified packaging companies, will support Duracell’s new battery packaging operation and DHL will handle the logistics. (more…)
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