Creekside Distribution Center is a Class A, 538,500 SF multi-tenant warehouse in Atlanta, Georgia. Located in the Airport / North Clayton industrial submarket, the property includes a highly functional rear load design and the unique opportunity for trailer parking and additional car parking. The property was 58 percent leased to two multinational corporations at acquisition in Q2 2020. The infill, “last mile” location is proximate to Atlanta’s urban core, international airport, suburbs, and significant neighboring projects. Repositioning involved increasing the NOI through vacancy lease-up and increasing rents to market rates as leases expire.
Creekside Distribution Center
Industrial | Realized
Atlanta, GA
Asset Summary |
|
|---|---|
| Acquisition Date | Q2 2020 |
| Size | 538,500 SQ FT |
| Property Type | Industrial |
| Deal Profile | Fund III, Acquisition |
| Investment Profile | Value-Add |
| Deal Source | On Market |
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