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.
![Peachtree Nortech](https://summitstl.com/app/uploads/2019/08/Nortech-front-emory.jpg)
Location
Peachtree Nortech
Atlanta, GA
Industrial | Realized
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