EverWest Buys Atlanta-Area Distribution Center
The newly completed asset traded for $30.4 million.
9485 Highway 42 N. Image courtesy of JLL Capital Markets
EverWest Real Estate Investors has acquired a two-building distribution center totaling 271,294 square feet in Rex, Ga. Public records show the asset traded for $30.4 million. InLight Real Estate Partners sold the property with the assistance of JLL.
The industrial campus came online earlier this year. Both buildings feature 32-foot clearance, a rear-load configuration, a total of 72 dock-high doors and four drive-in doors, as well as parking space with a capacity for 316 vehicles.
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Situated on a 21-acre lot at 9485 Highway 42 N., the campus is some 18 miles from downtown Atlanta. The property is less than 1 mile from Interstate 675, granting connectivity to interstates 75 and 285, as well as to Hartfield-Jackson International Airport.
JLL Senior Managing Directors Britton Burdette, Dennis Mitchell and Matt Wirth, together with Directors Mitchell Townsend and Jim Freeman, led the Capital Markets team that arranged the deal. The JLL Industrial Brokerage team of Executive Managing Director Stephen Bridges and Senior Associate Kimani Mustafa also participated.
Earlier this year, Burdette, Mitchell, Wirth and Townsend were part of the JLL team representing Dossche Holdings in the disposition of a three-building industrial portfolio, totaling 522,410 square feet, in Dalton, Ga. They also assisted Everwest in selling a five-property Atlanta industrial portfolio for $50 million in April.
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