The long-term lease, estimated for at least 10 years, is aggregately valued at $7.4 million, based on average rents of $4 per sf, area brokers familiar with the Newnan submarket tell GlobeSt.com on condition of anonymity.

The building, which is being developed by First Fulton Associates, will be part of the Shenandoah Industrial Park in Coweta County. Construction began in July. It is expected to be ready for occupancy by March, according to Eric Danielson, senior managing director of the San Francisco office of Julien J. Studley, Inc., which represented the tenant.

Dan Patillo of First Fulton negotiated for the owner. The park is being developed by Coweta County.

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