NEWS

NEWS

IN THE NEWS

Duracell Powers One of the Priciest Deals Ever for an Atlanta Warehouse

The Atlanta-based industrial developer sold its Core5 Logistics Center at Shugart Farms for $62M to an undisclosed buyer. At that price, the 874K SF warehouse not only is the highest price paid so far this year for an industrial property, it is also the fourth-highest price ever paid in Metro Atlanta for one, according to CoStar data.
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Core5 Industrial Partners Sells Logistics Center in Metro Atlanta for $62M

FAIRBURN, GA. — Core5 Industrial Partners has sold Core5 Logistics Center at Shugart Farms, an 873,800-square-foot industrial facility located in Fairburn, roughly 20 miles south of Atlanta, for $62 million. Chris Riley, Frank Fallon and Trey Barry of CBRE represented Atlanta-based Core5 in the sale to a private institutional investor. The logistics facility was constructed in early 2017 and was fully leased to The Duracell Co. at the time of sale.
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PRESS RELEASES

South Florida Distribution Center

Core5 Industrial Partners and Helms Development Acquires 60-Acres in South Florida to Develop 750,000 SF of Class A Office/Warehouse Construction Slated to Begin in April on South Florida Distribution Center’s First Building, Spec Space Spanning 223,880 SF ATLANTA, January 30, 2017 – Atlanta-based Core5 Industrial Partners and Florida-based Helms Development today announced the acquisition of a 60-acre land parcel from the City of Pembroke Pines located at 20421 Sheridan Street, Pembroke Pines, Florida. The site is one of the last remaining in Southwest Broward to offer build-to-suit options for larger users and offers a distinctive advantage with trailer parking – an option no other property in land-constrained Broward County can offer. (more…)
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