skip to main content
Investor Portal

The 216,416 SF, five-building warehouse portfolio in Atlanta, Georgia was 87 percent leased at acquisition in Q3 of 2019. The buildings are in a business park setting and have front park/rear load configurations. The assets had been under-managed in the marketplace. The business plan calls for reducing the percentage of office space in vacant and soon-to-be-vacant office suites, replacing nontraditional office warehouse tenants, upgrading the curb appeal and making needed capital improvements.  This will enable not only improved occupancy but increased NOI.   The value-add proposition is to reposition the suites to lower office finish and increase the NOI through lease-up and increasing rents to market rates as current leases roll.

Location

Peachtree Nortech

Atlanta, GA

Industrial | Unrealized

Asset Summary

Acquisition Date:
Q3 2019
Size:
216,416 SQ FT
Property Type:
Industrial
Deal Profile:
Fund III, Acquisition
Investment Profile:
Value-Add
Deal Source:
Off Market