Lee & Associates Arranges Two Industrial Sales and Two Industrial Leases in Atlanta

T. Richard Bryant Jr.

ATLANTA, GA — Lee & Associates’ Atlanta office recently closed two industrial sales totaling $7.25 million and two industrial leases totaling 157,387 square feet in metro Atlanta.

 “The industrial market in Atlanta continues to heat up, with the sector experiencing improving fundamentals in the first quarter,” said T. Richard Bryant, Jr., CEO of Lee & Associates’ Atlanta office. “Now is a great time for buyers and tenants to make deals, as the market is on the verge of a full recovery.”

Details of the transactions are as follows:

·      Rick Tumlin, CCIM, SIOR, of Lee & Associates and Tom Ellis of Atlanta South Commercial Properties represented Charlotte, North Carolina-based Columbus Nova in its $5.5 million sale of 13-16 Overmeyer Way, a 242,000-square-foot, four-building industrial complex in Forest Park, Ga. Mike Sutter of Lee & Associates represented the buyer, Sealy & Co., and he and Tumlin will market  the property on the new owner’s behalf.

Rick Tumlin

·      Tumlin and Sutter represented Road Tested Parts in its $1.75 million purchase of a 55,000-square-foot warehouse and office building on more than 30 acres at 774 GA Hwy 320 in Cartersville, Ga. Tom Sims of Ackerman & Co. represented the seller.

·      Tumlin, Sutter and Tommy Hiles of Lee & Associates represented landlord Cabot Properties in the lease of 112,000 square feet to Clean Cut Fabricators/Blue Sky Exhibits at a warehouse building at 5901 Bakers Ferry Rd. in Atlanta. Kathryn Kennelly with KPK Commercial and Charles B. Holloway Jr. with Charles B. Holloway LLC represented the tenant.

·      Tumlin and Sutter represented Professional Aviation Associates (PAA) in its lease of 45,387 square feet at an industrial property at 105 Southfield Pkwy. in Forest Park. PAA signed a long-term lease with extensive tenant improvements. Prologis owns the building, which will serve as PAA’s new headquarters. The landlord was self-represented by Ryan Hoyt.

Mike Sutter

 As the local office of a highly respected national firm, the Atlanta team capitalizes on Lee & Associates’ distinguished reputation to build long-term client relationships through customized solutions tailored to each clients’ specific real estate needs. Lee & Associates’ Atlanta office has closed more than 1,700 transactions totaling approximately $1.8 billion.

For a complete copy of the company’s news release, please contact:

Stephen Ursery

The Wilbert Group

404-549-7150 (O)

404-405-2354 (C)

sursery@thewilbertgroup.com