Clarion Secures Full-Building Atlanta Lease

Horizon Pointe – Building 100. Image courtesy of CommercialEdge

McCollister’s Transportation Group is moving its Atlanta-area base from Norcross, Ga., to Suwanee, Ga. The company will occupy the entire 168,584-square-foot Building 100 of Horizon Pointe Park, which is owned by Clarion Partners, according to CommercialEdge data. NAI along with Lee & Associates represented the tenant.

The front-load building in Suwanee features 32-foot clear heights, 60-foot loading bays, 33 dock doors and 16 levelers, along with 87 parking spaces and ESFR sprinkler systems. The facility came online in 2016 on a 15-acre site, CommercialEdge information also shows.

Located at 530 Horizon Drive, the building is 1.2 miles from Interstate 85. It is roughly 40 miles northeast of Atlanta and 44 miles from Hartsfield-Jackson Atlanta International Airport.

Lee & Associates Executive Vice President & Principal Joseph Mullican along with NAI President Scott Mertz brokered the lease on behalf of McCollister’s. Mullican stated in prepared remarks that the assignment has taken more than two years, being held back by supply and demand issues and specific building criteria.

While commercial real estate is feeling some heat due to rising interest rates and economic uncertainty, industrial remains an outlier due to its strong fundamentals. The sector continues to register high demand and rates keep growing, the average national rent being up 7.1 percent year-over-year as of March. Metro Atlanta outpaced the U.S. in rent growth, at 7.3 percent year-over-year.