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| 2232 Mountain Industrial Boulevard, Stone Mountain Industrial Park, Stone Mountain, GA |
ATLANTA, GA – Ackerman & Co. announced it has completed the sale of 2232 Mountain Industrial Boulevard, a 105,800-square-foot industrial building in the company’s Stone Mountain Industrial Park, to Mequity Companies for $5.35 million.
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| Rendering of planned Cube Smart self storage facility, Stone Mountain, GA |
Ackerman & Co. brokers Brett Buckner, Jimmy Stevens and Major Martin represented Ackerman in the sale of the facility, located in the Tucker/Stone Mountain submarket of Atlanta, northeast of the city.
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| Brett Buckner |
“This property offers a high visibility location at the
intersection of Mountain Industrial Boulevard and Hugh Howell Road and
proximity to the area’s residential communities, making 2232 Mountain
Industrial Boulevard an excellent location for CubeSmart,” said Buckner.
In another recent transaction, Ackerman & Co. sold 4781
Lewis Road, a 37,300-square-foot warehouse facility, to Zeugma Import for $1.53
million. The company will use the facility for storage and distribution of its
line of home furnishing products.
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| Jimmy Stevens |
“Demand is strong among distribution companies and other
users for single-tenant industrial buildings under 150,000 square feet, and
there’s very limited land available for new construction of this product close
to the I-285 perimeter,” said Buckner.
Ackerman & Co. acquired the 4.1-million-square foot
Stone Mountain industrial portfolio in November 2015. The park’s strategic
location provides distributors convenient access to local and regional markets.
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| Major Martin |
The company, founded
in 1967, retains an expert team of more than 100 real estate professionals.
To date, Ackerman
& Co. has developed and acquired 37 million square feet of office, medical,
industrial, retail and mixed-use space, has 8 million square feet under
management, and maintains an investment portfolio valued at $1 billion.
CONTACTS:
Steve Webb
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