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| Airport West Distribution Center, Atlanta, GA |
ATLANTA, GA (Jan. 4, 2013) – Lincoln Property Company
Southeast has brokered Chick-fil-A’s 221,408-square-foot renewal and expansion
at Airport West Distribution Center in Atlanta.
The nationally renowned restaurant chain was leasing 140,319
square feet at the center, which is located on Buffington Road near Hartsfield
International Airport and across the street from Chick-fil-A’s corporate
headquarters.
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| Denton Shamburger |
Airport West features a total of 287,520 square feet of
space and this lease maintains the park’s occupancy at 100 percent.
Chick-fil-A’s expansion of 81,089 square feet runs for 10
years, and the company also extended the lease on its other space through 2022.
Denton Shamburger, vice president for Lincoln
PropertyCompany Southeast, represented the landlord, Morgan Stanley, in
Chick-fil-A’s expansion and extension. He was the only broker in the
transaction.
Chick-fil-A’s expansion was signed as the leases of two
other tenants were about to expire, meaning Lincoln Property Company was able
to fill the 81,089 square feet of space before it sat vacant.
“There was not one day of downtime,” Shamburger said. “It’s
a tribute to this property, its outstanding ownership and its strategic
location in southwest Atlanta that we have beenable to maintain such high
occupancy for so many years at Airport West Distribution Center.”
“The Atlanta industrial market is experiencing a definite uptick
in activity, and this Chick-fil-A deal is more indication that the market
should continue to improve in the months ahead,” added Tony Bartlett,
senior vice president of Lincoln Property Company Southeast.
“The success at
Airport West is a great story and with increased economic activity combined
with our full-service marketing and service platforms, we believe we can
continue to drive great results for our industrial landlord clients in 2013.”
For a complete copy of the company’s news release, please
contact:
Stephen Ursery
The Wilbert Group
E-mail: sursery@thewilbertgroup.com
Office: (404) 965-5026
Cell: (404) 405-2354
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