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. Read More
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. Read More« Previous1…3536373839…43Next »
Construction Slated to Begin Q2 2109 on Three Additional Buildings Totaling 1.5 MSF in Business Park
ATLANTA, February 20, 2019 – Atlanta-based Core5 Industrial Partners announced today the sale of a 581,475-square-foot building located in Desoto 55 Logistic Center, a 173-acre park situated at US Highway 51 in DeSoto County along the I-55/I-69 corridor in the greater Memphis industrial market. The initial cross-dock facility, located at 1241 Commerce Drive, Horn Lake, MS, and known as Building A, was sold to a Fortune 500 company to use as a key facility in their distribution network. Elliot Embry with NAI in conjunction with NAI Global Corporate Solutions represented the undisclosed buyer.
The second existing building in the park, Building B, is a 300,145-square-foot rear-load building that has been fully leased to DSV Solutions, LLC and EPE Industries USA which will both occupy in first quarter 2019. DSV Solutions was represented in-house and EPE Industries was represented by Jacque Beeson of CBRE.
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