NEWS

NEWS

IN THE NEWS

California Investor Buys Sun Belt Industrial Portfolio Partly Leased to Amazon

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. (more…)
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PRESS RELEASES

Core5 Industrial Partners Announces 1.1 Million-Square-Foot Building in Southwest Atlanta

Southwest 85 Logistics Center Set to Immediately Break Ground on 109-Acre Site in the I-85 South Corridor of Metro Atlanta, Georgia ATLANTA, August 16, 2017 – Atlanta-based Core5 Industrial Partners has closed on a 109-acre, fully entitled industrial site at Exit 51 in the I-85/Southwest Atlanta submarket. Core5 will immediately break ground on the development of Southwest 85 Logistics Center, a 1.1 million-square-foot state-of-the-art facility, which is expandable to 1.3 million square feet and has all the attributes of an e-commerce fulfillment center. Delivery of the building is scheduled for the second quarter 2018. (more…)
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