Saturday, October 27, 2018

Ackerman & Co. Completes Sale of 105,000-SF Industrial Building at Stone Mountain, GA Industrial Park


2232 Mountain Industrial Boulevard,
Stone Mountain Industrial Park, Stone Mountain, GA

ATLANTA, GA – Ackerman & Co. announced it has completed the sale of 2232 Mountain Industrial Boulevard, a 105,800-square-foot industrial building in the company’s Stone Mountain Industrial Park, to Mequity Companies for $5.35 million.

Rendering of planned Cube Smart self storage facility, 
Stone Mountain, GA







Ackerman & Co. brokers Brett Buckner, Jimmy Stevens and Major Martin represented Ackerman in the sale of the facility, located in the Tucker/Stone Mountain submarket of Atlanta, northeast of the city.

Brett Buckner
Mequity, an Atlanta-based real estate development and investment firm, is redeveloping the warehouse as a build-to-suit project for CubeSmart, which will establish a state-of-the-art, climate-controlled self-storage facility, scheduled for completion by year-end.

“This property offers a high visibility location at the intersection of Mountain Industrial Boulevard and Hugh Howell Road and proximity to the area’s residential communities, making 2232 Mountain Industrial Boulevard an excellent location for CubeSmart,” said Buckner.

In another recent transaction, Ackerman & Co. sold 4781 Lewis Road, a 37,300-square-foot warehouse facility, to Zeugma Import for $1.53 million. The company will use the facility for storage and distribution of its line of home furnishing products.

Jimmy Stevens
Located just outside the I-285 Interstate perimeter of Atlanta, Stone Mountain Industrial Park offers a mix of front, rear and side-load warehouse facilities.

“Demand is strong among distribution companies and other users for single-tenant industrial buildings under 150,000 square feet, and there’s very limited land available for new construction of this product close to the I-285 perimeter,” said Buckner.

Ackerman & Co. acquired the 4.1-million-square foot Stone Mountain industrial portfolio in November 2015. The park’s strategic location provides distributors convenient access to local and regional markets.

Major Martin
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast.

 The company, founded in 1967, retains an expert team of more than 100 real estate professionals.

 To date, Ackerman & Co. has developed and acquired 37 million square feet of office, medical, industrial, retail and mixed-use space, has 8 million square feet under management, and maintains an investment portfolio valued at $1 billion.

 For more information, visit www.ackermanco.com

  
CONTACTS:

Steve Webb 

No comments: