Carlaris Capital Announces $8 Million Acquisition of 400,000-SF Industrial Property in Atlanta

LOS ANGELES, CA – Carlaris Capital, the investment company of the principals who own and operate Los Angeles-based Charles Dunn Company, has completed the $8,025,000 acquisition of a multi-tenant industrial property in partnership with ARKA Properties Group, a real estate investment company based in Beverly Hills.

Carolyn Hori

The property is comprised of two co-located warehouse/distribution buildings and is located at 4099 Old Dixie Highway, also known as 4100 Henry Ford II, buildings 1 and 2, in Atlanta. This is Carlaris Capital’s first acquisition in the Atlanta area.

“The relationship between the principals of Carlaris and ARKA Properties is strong and has been for decades,” said Carolyn Hori, chief investment officer for Carlaris. “We were excited to partner with ARKA on this acquisition and to add this asset to our growing portfolio.”

Jack Haden

Jack Haden and Brad Pope with NAI Brannen Goddard represented the buying partnership in the transaction. The seller was I & G Henry Ford, LLC / Jones Lang LaSalle and was also represented by NAI. The facility was approximately 46 percent occupied at the close of escrow.

“We see this investment offering great leasing upside opportunity for tenants to occupy warehouse/distribution space situated just a few minutes from Atlanta International Airport – the busiest airport in the world,” said Vincent Bohanec, chief operating officer for ARKA. “We know the market and feel confident that our strategy to lease and improve the property will lead to promising returns.”

Brad Pope

The new ownership is planning to invest approximately $750,000 on marketing and capital improvements including the build-out of speculative office spaces to be move-in ready, paint the exterior, and re-slurry the parking lot. The property will appeal to small- to mid-sized companies seeking a quality, strategically located Atlanta-area property.

For leasing inquiries, please contact Jack Haden, at NAI Brannen Goddard, www.naibg.com, 404. 812.4012.

For further information about Carlaris Capital, visit our website at www.carlariscapital.com or contact Carolyn Hori at 213-534-3205 or http://chori@carlariscapital.com.

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

Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224