October 27, 2020— Lee & Associates’ Atlanta office secured a 180,300 SF industrial listing with Chicago-based commercial real estate developer, Dayton Street Partners. The project is strategically located within the Airport submarket, one of Atlanta’s most competitive areas for industrial real estate. Lee & Associates’ Mike Sutter, SIOR and Rick Tumlin, CCIM, SIOR were awarded the listing after developing an advisory relationship with the investor during the location selection and due diligence period. Collectively, Mr….
IN THE NEWS: Lee & Associates Arranges Sale of 85K-SF Industrial Facility in Atlanta
ATLANTA (October 21, 2020) — Lee & Associates’ Atlanta office is pleased to announce another successful closing for Stonelake Capital Partners in the Fulton Industrial/I-20 West submarket. 307 Fulton Industrial Circle is an 84,862 SF industrial warehouse with unparalleled access to I-20 West, Charlie Brown Airport, Hartsfield Jackson International Airport, a new UPS facility, a new Amazon fulfillment facility as well as many other national manufacturers and distributors. Lee & Associates’ Mike Sutter, SIOR and…
IN THE NEWS: Craig Viergever, SIOR featured in Atlanta Business Chronicle on changes in commercial real estate
Our very own Craig Viergever, SIOR was featured in the Atlanta Business Chronicle about changes in commercial real estate. How have you seen the industry change over the last few years in Atlanta and nationally? Has Atlanta “followed” national trends? Craig Viergever, SIOR: “The industrial sector has grown to be the crown jewel of all real estate sectors from an ownership/investment standpoint. Commercial brokerage has become more virtual/on-line over the past few years, and I…
Lee & Associates – Atlanta’s Trip Ackerman Receives SIOR Designation
ATLANTA (June 23, 2020) — Lee & Associates’ Atlanta office is pleased to announce that Trip Ackerman, Executive Vice President and Principal of their Industrial team, has been awarded SIOR designation. SIOR designation is a highly sought-after professional achievement for commercial real estate experts with a strong transactional history in brokerage. Applicants must have at least five years of experience and must meet an extensive list of qualifications including production volume, endorsements, education, and ethics…
Q3 2020 Office Market Report
While the Atlanta office market had major tenant occupancies in the third quarter, it was the silent majority of smaller tenants (15,000 SF or less) vacating their office space which attributed to the negative 667,094 SF of net absorption. Vacancy continued to trend upward, ending the third quarter at 15.6%. Office sublease availability has increased 42% year-over-year due to recent work from home orders amid the coronavirus pandemic. In the third quarter, Macy’s put their…
Lee & Associates – Atlanta’s Management Services Group Secures Nine-Asset Portfolio Totaling 1,108,244 SF from Long-Term Client
ATLANTA (August 20, 2020) — Lee & Associates Atlanta’s Management Services Group is pleased to add a nine-asset, 1,108,244 SF, industrial portfolio to their team from long-time client, Meniscus Group. Lee & Associates’ Amy Martinez was initially engaged by the California-based, industrial real estate investment group in 2012 to act as a local contact as they moved into the Atlanta market. Since then, Meniscus Group has grown their Atlanta footprint requiring more extensive help locally….
Q3 2020 Industrial Market Report
The Atlanta Industrial market had an outstanding third quarter. Even with the economic impact of the COVID-19 pandemic, Atlanta’s industrial real estate market continued to thrive with exceptional demand in Q3 2020. Vacancy dropped 50 basis points to 6.6%, even with seven million SF of new industrial inventory entering the market. Leasing activity, while not as robust as quarters past, still showed strength in numbers as industry giants Amazon and Home Depot grew their Atlanta…
IN THE NEWS: Lee & Associates Hires Three Associates in Atlanta
September 16, 2020 (Atlanta, GA) – Lee & Associates has announced the hiring of Murray Gray, Brad Duckett and Mark Thomas as associates in the firm’s Atlanta office. “While many commercial real estate firms are contracting, Lee Atlanta continues to grow by strategically adding brokers that have an advisory mindset. All three gentlemen’s commitment to join Lee & Associates show our ability to continue to attract amazing talent in this time of uncertainty,” said David…
Summer 2020: Atlanta Office Submarket Reports
Our Spring 2020 Submarket Reports have arrived! Click on the images below to read: