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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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.
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