EverWest Completes $50 Million Sale of 5-Constructing I-20 West Portfolio in Atlanta
ATLANTA, GA (APRIL 12, 2023) – Main actual property funding advisor EverWest Actual Property Traders (“EverWest”) has accomplished the sale of a five-building, 581,750-square-foot industrial portfolio in southwest Atlanta referred to as the I-20 West Portfolio. The portfolio was offered to Taurus Funding Holdings, a worldwide personal fairness actual property agency, for $50 million.
The asset is 100% leased to seven tenants together with Steelcase Inc., Bonded Companies and Heritage Crystal Clear.
“The I-20 West Portfolio was bought in 2016, due largely to its strategic entry to a number of interstates and the excessive demand inside Atlanta’s quickly increasing industrial market,” mentioned John Maurer, EverWest’s Senior Managing Director and Head of Portfolio Administration. “The funding exceeded our expectations for efficiency, stabilized by means of long-term leases with high-quality tenants.”
The 5 multi-tenant buildings throughout the I-20 West Portfolio supply entry to Interstates 20, 285 and 85. Two buildings are situated at 1520 and 1650 Westfork Dr., throughout the Lithia Springs I-20 West/Douglasville submarket.
Three extra buildings at 6140 and 6220 Purdue Dr. SW, and 6070 Fulton Industrial Blvd. SW, are situated within the Fulton District submarket. This portion of the portfolio additionally features a 4.6-acre lot improved for secured trailer storage.
Matt Wirth of JLL represented EverWest within the sale transaction.
EverWest at present has $5.3 billion in belongings beneath administration, invested by means of individually managed accounts and commingled funds. It supplies funding administration providers together with acquisitions, asset administration, growth and property administration for belongings all through the U.S.
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About EverWest Actual Property Traders LLC
EverWest Actual Property Traders (“EverWest”) is an actual property funding advisor offering funding administration providers all through the U.S. together with acquisitions, asset administration, growth and property administration for our buyers. With $5.3 billion in belongings beneath administration, EverWest purchasers make investments by means of individually managed accounts and commingled funds. The agency is headquartered in Denver with regional workplaces in New York Metropolis, Charlotte, Los Angeles, San Francisco and Austin metro areas. EverWest is an affiliate of Sagard, a number one international different asset administration platform throughout the Energy Company of Canada ecosystem. For extra data, go to www.everwest.com.
