FedEx facility, 1525 Morrison Parkway, Alpharetta, GA
ATLANTA, GA – Stan
Johnson Company, one of the nation’s premier net lease brokerage firms, has
completed the $5.87 million sale of an 88,215-square-foot industrial property
100 percent leased to FedEx Corporation and located on 19.97 acres at 1525
Morrison Pkwy in Alpharetta, Georgia.
 |
| Britton Burdette |
Britton Burdette
of Stan Johnson Company represented both the buyer, Sealy & Company, Inc.,
and the seller, Wallace Enterprise, in this transaction. The property featured
five years remaining on a recently extended NN lease term with one three-year
renewal option. Originally constructed as a build-to-suit, the property has
been occupied by FedEx since 1998.
The
property is strategically located in a dense area of Alpharetta, 25 miles north
of downtown Atlanta in a solid performing industrial submarket with strong
demographics.
For a complete copy of the company’s news release, please
contact:
David Ebeling
Ebeling Communications
(949) 278-7851
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