March 24th, 2021 – High Road Craft Ice Cream has re-upped its commitment to its Atlanta-area headquarters and manufacturing facility as U.S. ice cream sales and shipments climb during the coronavirus pandemic because of people staying home to help slow the spread of COVID-19. High Road, which sells its ice cream at Whole Foods, Fresh Market, Publix, and other grocery stores as well as online, has renewed its lease at West Oak Commons I, a…
LEE IN THE NEWS: California Brokerage Opens First Nashville Office
March 24, 2021 – The Southern California-grown real estate firm Lee & Associates is opening a new satellite office in Nashville, Tennessee, that specializes in industrial properties, office stock, investment and land brokerage. The company, based in Los Angeles, has been actively planting offices in growing Southern cities for the past three years. Lee & Associates’ arrival, and the areas of commercial real estate it is focusing on, show Nashville’s growing clout as a logistics and…
CASE STUDY: Lee and Associates Atlanta’s Industrial Team Utilized Custom Marketing Strategy to Lease 166,650 SF Facility
In 2018, Billy Snowden identified an 11-acre property listed with a residential agent who was unaware of the property’s potential value as industrial development. Billy recognized that Cabot Properties had recently completed a successful speculative distribution facility within the I-20 West Atlanta submarket and identified them as a logical buyer. As suspected, Cabot showed interest and pursued the property. While under due diligence, it was determined that a swap of land with the neighbor…
LEE IN THE NEWS: JV to Develop 800k SF Industrial Facility in Douglasville
(March 16, 2021) – Atlanta Georgia A joint venture between PCCP LLC and Panattoni Development Co. have announced plans to develop Building 1 within Riverview Logistics Park, a speculative, 798,000-square-foot industrial warehouse facility on a 154-acre site in Douglasville, GA. The cross-docked distribution center will be built to Class A specifications that include 40-foot clear heights, precast construction, a 185-foot truck court, full circulation, 180 trailer parking spaces, 420 car parking spaces, 146 dock doors,…
LEE IN THE NEWS: SBS Transportation Takes Remaining Space at Palmetto Logistics Center in Greater Atlanta
March 10, 2021 (Atlanta, GA) – Roughly a year after agreeing to lease a little more than half of the complex, SBS Transportation has now taken the remaining available space at the massive Palmetto Logistics Center in Palmetto, Georgia. The international shipping and logistics company agreed to a deal with MCB Real Estate to take the remaining space, totaling 482,700 square feet, at 1015 Collinsworth Road. SBS specializes in handling containers used to import and export…
CLOSED DEAL: 1380 Jesse Cronic Road | Braselton, GA 30517
ADDRESS: 1380 Jesse Cronic Road Braselton, GA 30517 SF: 589,680 TRANSACTION: $10,486,250.19 TYPE: Industrial BROKERS: Billy Snowden, SIOR Rick Tumlin, CCIM, SIOR Mike Sutter, SIOR
CLOSED DEAL: 4575 Lake Mirror Place | Forest Park, GA 30297
ADDRESS: 4575 Lake Mirror Place Forest Park, GA 30297 SF: 322,268 TRANSACTION: $2,578,143.96 TYPE: Industrial BROKERS: Rick Tumlin, CCIM, SIOR Mike Sutter, SIOR Murray Gray
CLOSED DEAL: 231 Apply Valley Road, Suite B | Duncan, SC 29334
ADDRESS: 231 Apple Valley Road, Suite B, Duncan, SC 29334 SF: 75,320 TRANSACTION: $1,243,595.99 TYPE: Industrial BROKERS: Rick Tumlin, CCIM, SIOR Mike Sutter, SIOR
CLOSED DEAL: 1872 Old Mountain Highway | Statesville, NC 28677
ADDRESS: 1872 Old Mountain Highway Statesville, NC 28677 SF: 75,000 TRANSACTION: $648,507.95 TYPE: Industrial BROKERS: Rick Tumlin, CCIM, SIOR Kurt Unger