Albany Street Actual Property has acquired a four-building, mild industrial enterprise park in Atlanta. JLL represented the vendor, a three way partnership together with The Ardent Cos., Taconic Capital Advisors and Axonic Capital. The 281,677-square-foot asset traded for $38.5 million. Based on Cobb County information, Delta Group Credit score Union originated a $29.4 million mortgage for the customer.
The park, which has undergone a capital enchancment plan since 2016, options 14 to 18-foot clear heights, 34 dock-high doorways and 39 grade-level roll ups. The campus contains 43 suites with a median dimension of 6,545 sq. toes. The property is 87 % leased to 36 tenants.
Situated at 120 Interstate Northwest on 22.7 acres, the property is within the Cumberland Galleria submarket. The asset is 2 miles from the junction of interstates 75 and 285, and 13 miles from downtown Atlanta.
The JLL brokerage crew included Dennis Mitchell, Matt Wirth, Britton Burdette and Crosby Taylor. In October, the identical crew represented the vendor of Plaza 85 Enterprise Park, a nine-building asset in Norcross, Ga.