A Southern California investor has acquired a package of three newly constructed net-leased industrial buildings in the Sun Belt, two of which are leased to online retail giant Amazon.
Preylock Holdings of Los Angeles paid $166.7 million, or nearly $76 per square foot, for the 2.2 million-square-foot portfolio. The portfolio includes Crossroads Business Center, a 1 million-square-foot distribution center at 5705 Campbellton Fairburn Road in Union City, Georgia, near Atlanta.
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Members of the Core5 Atlanta team partnered with MedShare to inventory and package medical supplies for new mothers and babies in Africa, South America, and Central America. Healthy moms and healthy newborns lead to a healthy community. Core5 was glad to be a part of this effort.
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