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| Denton Shamburger |
ATLANTA, GA (May 27, 2015) – Lincoln Property Company
Southeast (Lincoln) has brokered the $2.73 million sale of 11455 Lakefield Drive, a 59,746-square-foot industrial building in
Johns Creek, Georgia, in the North Central submarket of metro Atlanta.
Denton Shamburger, Jeff Henson and
Chip Sipple of
Lincoln represented the seller, General Electric Credit Equities, Inc., in the
transaction. Hezli Holdings LLC was the buyer of the shallow-bay, rear-loading
facility.
The sale is
further evidence of a growing, improving market. Metro Atlanta’s industrial
vacancy rate was 8.4 percent at the end of the first quarter, down from 9.1
percent three months earlier and 9.9 percent at the conclusion of
second-quarter 2014, according to CoStar.
Shallow-bay facilities in Atlanta’s
North Central submarket are even healthier, posting a 4.2 percent vacancy rate
at the end of March, according to CoStar.
“The market
indicators remain positive and are headed in the right direction,” said
Shamburger, vice president of industrial leasing for Lincoln.
For a complete copy of the company’s
news release, please contact:
Stephen
Ursery
The Wilbert
Group
404-405-2354
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