Trammell Crow Company and partners Huntington Industrial Partners and Ascentris, announce the sale of Fairburn 85 Distribution Center, a Class A, speculative industrial building totaling 317,520 square feet to GLP US Management LLC. The ownership team acquired the 29.73-acre land site, which is located in the I-85 South Atlanta submarket, in 2014.
“This was our first speculative industrial development in Atlanta this cycle, and we couldn’t be more pleased with the quality of the building, the strength of the I-85 submarket and the partnership we shared with Huntington and Ascentris,” said
Mark Dishaw, Principal of Trammell Crow Company’s
Atlanta Business Unit.
Fairburn 85 Distribution Center features a 32-foot clear, modern, cross-dock warehouse with efficient ingress/egress. The site is well positioned in the industrial market along I-85, providing direct connection to Atlanta’s I-285 metro loop. It is also in proximity to Hartsfield-Jackson International Airport and the CSX Intermodal Facility.
Chris Riley, Frank Fallon and Trey Barry, all with CBRE Atlanta represented the owners in the sale.
About Huntington Industrial Partners Real Estate Investors
Huntington Industrial Partners is an industrial real estate operating company with a strategic focus on acquiring and developing industrial properties in select U.S. markets. The strategy is executed by local teams with extensive industrial experience, market knowledge, and established network of market contacts.
About Ascentris
Ascentris is a real estate private equity firm based in Denver, Colorado. Formerly known as Amstar Advisers, Ascentris invests in and manages institutional real estate, both directly and through joint venture partners, on behalf of institutional clients. Since 2003, the Ascentris management team has focused exclusively on value-add and opportunistic investments across all the major property types and geographic regions within the United States.
Built on a foundation of transparency and accountability, Ascentris maintains an unwavering commitment to put its clients’ needs first. Ascentris is a privately held and employee owned SEC registered investment adviser. Additional information is available at www.ascentris.com.
About Trammell Crow Company
Trammell Crow Company (TCC) is a leading global commercial real estate developer and a wholly owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2022, TCC had $19.5 billion of projects in process and $13.5 billion in its pipeline. It employs 700 professionals in 27 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.
