Peachtree Nortech

Peachtree Nortech is a five building, multi-tenant warehouse portfolio representing 216,426 SF. Located in Atlanta, Georgia, the average occupancy was 87 percent leased at acquisition in Q3 2019. The buildings are in a business park setting and have rear load configurations. The assets had been under-managed in the marketplace. Repositioning involved reducing the percentage of office space in vacant and soon-to-be-vacant office suites, replacing nontraditional office warehouse tenants, upgrading the curb appeal, making needed capital improvements, and increasing rents to market rents as leases expire.