EverWest Continues Atlanta Funding Push with Infill Industrial Purchase
ATLANTA, GA (JUNE 9, 2023) – Inside weeks of finishing an industrial purchase in Ellenwood, Georgia, main actual property funding advisor EverWest Actual Property Buyers (“EverWest”) has introduced one other metro Atlanta industrial acquisition, totaling 21.1 acres of land and two not too long ago accomplished, absolutely speculative state-of-the-art distribution buildings.
The acquisition continues EverWest’s funding push within the Atlanta market, with a give attention to strategically situated warehouse product and low-coverage land websites for Industrial Outside Storage (IOS).
The brand new EverWest asset is situated at 9485 Freeway 42 North in Rex, Georgia, instantly fronting Freeway 42 and fewer than one mile from I-675, which presents fast entry to I-75, I-285 and the Hartfield-Jackson Worldwide Airport. It consists of two model new, Class A industrial distribution buildings totaling 268,400 sq. toes and located on a big website zoned for mild industrial use.
“This property presents large flexibility and upside via the lease up of area at present market rents,” mentioned Tyler Williams, EverWest Managing Director of Southeast Acquisitions. “The buildings have been delivered in turnkey situation with spec workplace suites obtainable to rapidly accommodate tenant demand, and with options that make them best for small and midsize customers.”
Totaling 130,000 sq. toes and 138,400 sq. toes, the Rex distribution buildings provide 32’ clear peak, LED lighting, ESFR sprinklers, extensive columns and 72 dock-high and 4 drive-in doorways in a rear-load configuration. In addition they have options enticing to small and midsize customers comparable to 200’ constructing depths, above-market dock ratios and varied storefronts to supply flexibility for single or a number of tenants.
“Most new development within the I-675 and Airport hall has been bulk services larger than 500,000 sq. toes, and present stock consists of Class B area with decrease clear heights,” mentioned Williams. “Our buildings capitalize on the supply-demand imbalance for high-quality, fashionable infill product servicing smaller tenants.”
The JLL workforce of Britton Burdette, Dennis Mitchell, Matt Wirth, Mitchell Townsend and Jim Freeman brokered the transaction between EverWest and InLight, the mission’s developer.
EverWest at present has $5.2 billion in property underneath administration, invested via individually managed accounts and commingled funds. It offers funding administration companies together with acquisitions, asset administration, improvement and property administration for property all through the U.S.
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About EverWest Actual Property Buyers LLC
EverWest Actual Property Buyers (“EverWest”) is an actual property funding advisor offering funding administration companies all through the U.S. together with acquisitions, asset administration, improvement and property administration for our buyers. With $5.2 billion in property underneath administration, EverWest shoppers make investments via 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 info, go to www.everwest.com.
