SF: 302,887 SF TRANSACTION: Leased TYPE: Industrial BROKERS: Murray Gray Mike Sutter, SIOR Rick Tumlin, CCIM, SIOR David Howard
LEE IN THE NEWS: Realterm Logistics Acquires Final Mile Distribution Warehouse and Maintenance Shop in Atlanta, GA
Realterm Logistics announces the acquisition of a 65,500-square-foot final mile warehouse and 22,400-sqaure-foot maintenance shop located at 5230 Feldwood Road, College Park, GA. The building sits on 13.5 acres. The property is strategically located with immediate access to Route 29 which connects to major interstates such as I-285, I-20 and I-85. Additionally, it is only 10 minutes from Hartsfield-Jackson Atlanta International Airport and 18 minutes from downtown Atlanta. The site offers access to more than…
LEE IN THE NEWS: Chinese E-Commerce Company Leases Warehouse Space Near Atlanta
(May 12, 2021 ) Starmerx, a Chinese company that specializes in cross-border e-commerce, is opening a new warehouse in greater Atlanta. The company reached a deal with The Silverman Group for 135,937 square feet at 7550 Wood Road, a 271,875-square-foot building completed last year in Douglasville, Georgia. Starmerx is splitting the property with supermarket chain, Pathmark, and with the deal brings the property to fully leased. The property is the third building constructed within the Bright…
LEE IN THE NEWS: North Signal Capital Announces 59,000 SF Lease to Seawest Logistics within RiverPort Commerce Park
HARDEEVILLE, S.C., May 12, 2021 /PRNewswire/ — Today, North Signal Capital, is pleased to announce the execution of a 59,182 SF, 7-year lease with Seawest Logistics within RiverPort Commerce Park. Seawest Logistics is a growing apparel logistics company based in Edison, New Jersey. Following the execution of the lease in April 2021, North Signal is working with Seawest to construct their customized premises within RiverPort 1 (201 Exchange Place Hardeeville, SC). The upfit work is…
SBS Transportation Signs New Lease for 1MSF in Palmetto, GA
MCB Real Estate LLC has signed SBS Transportation to a new lease for 1 million-square-foot, newly built logistics center in Palmetto. SBS Transportation, represented by Lee & Associates’ Mike Sutter, SIOR, will be utilizing the space for storage, distribution, and minor assembly of power sports vehicles, such as ATVs, recreation vehicles and jet skis. The property is located within five miles of a CSX Intermodal Terminal in Fairburn.
Q1 2021 Savannah Industrial Market Report
The Port of Savannah continues its momentum as the fastest-growing container port in TEU (twenty-foot equivalent unit) volume. Consequently, development and investor interest continues to increase at a rapid pace. In the last two years, Savannah added over 15 million square feet (MSF) of new facilities to the market. As of April 2021, CoStar reported an additional 12 MSF currently under construction, one of the highest square footages in the nation with only 15% preleased.
Q1 2021 Atlanta Office Submarket Reports
Our 2021 Q1 Office Submarket Reports have arrived! Click on the images below to read:
Q1 2021 Industrial Market Report
A record-setting quarter for the Atlanta Industrial market. South Atlanta lead the way with over 6.5 MSF of absorption. While I-20 West/Fulton Industrial became the tightest market with a vacancy rate of 3.8%. Atlanta continues to be the logistical hub of the Southeastern US and one of the top-performing markets in the country. E-Commerce and the Savannah port are the largest drivers of industrial activity. The Savannah port is outperforming all the other US ports…
Q1 2021 Office Market Report
The return of workers to the office did not happen in Q1, the Atlanta office market has had its two worst quarters back-to-back in terms of net absorption. The losses in the last three quarters, erase all the net absorption gains since 2015. While the vacancy rate has zoomed up 2.8% in just three quarters to 18%; however, the rate remains well below the historic high of 22% reached during the great recession in 2010….