September 3, 2020 (Atlanta, Georgia) – Congratulations to Craig Viergever, SIOR for making Globe Street’s Industrial Influencers 2020 list. Globe Street selects people, teams and organizations not just based on numbers or volume of sales. They select individuals based on their skills, expertise, and the mark they have made in the industry. Please click the button to read the full article.
Lee & Associates – Atlanta Arranges Industrial Lease Totaling 262,530 Square Feet in Douglas County – I-20 West Submarket
Lee & Associates’ Atlanta office is pleased to announce the closing of a 262,530 square foot industrial lease at Factory Shoals Distribution Center II – Lithia Springs, GA. Lee & Associates’ Billy Snowden, SIOR, Rick Tumlin, CCIM, SIOR, and Mike Sutter, SIOR represented the tenant, Comptree Inc., in the leasing of 965 Douglas Hill Road, a newly delivered, modern distribution facility in the I-20 West submarket. Denton Shamburger and Turner Fortin represented the landlord, a…
Mid-Year 2020 Industrial Market Report
The Atlanta Industrial market had an outstanding second quarter. The market absorbed more space than what was delivered (4.4 MSF vs. 4.2 MSF). This is the second time this has occurred since Q3 2018, causing the vacancy rate to hold steady at 7.2%. Despite limitations, tenants have continued to conduct business during the shutdown. Leasing activity has held strong at just over 11.5 MSF with major leasing activity this quarter centered around e-commerce businesses. Amazon…
Mid-Year 2020 Atlanta Office Market Report
The Atlanta Office Market had a surprisingly strong quarter, despite all the obstacles. Overall Net Absorption ended the quarter with 133,517 SF. Most of the strength was in the Class A market, which had over 373,073 SF of absorption for the quarter. Rental rates continue to rise to $28.23 up from $27.80 in the previous quarter, which are up 5.14% from a year ago. Atlanta’s tenant strength has remained in the technology and FIRE sectors…
Fulton Industrial Market Newsletter Q2 2020
Our very own Connor Winkler’s !-20 W / Fulton Industrial Market Newsletter has arrived! Take a look at the full newsletter to get more insight into this budding Atlanta submarket. – Despite apparent business disruptions due to COVID-19 workplace restrictions, the industrial real estate sector has remained resilient and in rampant demand as distribution and manufacturing facility leasing activity continues to surge in Atlanta. The shift from the traditional bricks and mortar retail to online…
Mid-Year 2020 Atlanta Industrial Pipeline
The first half of 2020 has been anything but ordinary. The coronavirus pandemic resulted in the entire globe seeking some level of “shelter in place” except for essential businesses; those people who continued to work instituted precautionary measures to diminish the spread of the virus. As of this report’s date, there are over 570,250 global deaths from COVID-19, with over 135,250 in the United States. The silver lining to all these disruptions is that the…
Lee & Associates – Atlanta Brings 259,262 SF Industrial Building to 100% Occupancy with Simultaneous Leases in the Atlanta Airport Submarket
Lee & Associates’ Atlanta office is proud to announce the closing of two simultaneous leases bringing the 259,262 square foot industrial building at 4099 Old Dixie Hwy. to 100% occupancy. Acquired as a value-add last mile facility by Meniscus Group in late 2016, the Lee & Associates team of Mike Sutter, SIOR and Billy Snowden, SIOR represented ownership on the acquisition and subsequent repositioning of the asset. The team advised ownership on approaches to maximizing…
In the News: Lee & Associates Atlanta Closes 76,995 SF Industrial Lease for Kalera in Ellenwood, GA
June 23, 2020 (Atlanta, Georgia) – Lee & Associates is pleased to announce another successful closing. Kalera is slated to begin operations in their new, 76,995 square foot space in Ellenwood, GA on January 1, 2021. Lee & Associates’ Derek Riggleman and Trip Ackerman were engaged on the deal in late 2019 by Kalera, a leading vertical hydroponics company that specializes in growing produce in technology-driven, controlled environments. Challenged to find 75,000 square feet in…
Spring 2020 Atlanta Office Under Construction Report
Speculative construction makes up 81% of all Atlanta development activity. Strong leasing velocity, particularly in new properties in Midtown, have helped calm fears of oversupply. In the first quarter of 2020 alone, five buildings delivered and three of which were speculative and were 69% plus preleased upon completion. The coronavirus pandemic may lead to project delays or a slowdown in groundbreakings over the next quarters, however the full scope of its impact remains unknown.