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| 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.
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| 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.
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| 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)
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