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United States Can Co. Leasing 185,000 SF

ATLANTA-The long-term lease for at least 10 years has an estimated aggregate value of $7.4 million, based on average rents of $4 per sf, area brokers familiar with the suburban Newnan, GA market tell GlobeSt.com.

By Mark Clothier | Updated on November 30, 2001

ATLANTA-United States Can Co. is consolidating two plastics manufacturing facilities into a 185,000-sf facility in Newnan, GA in southwest metro Atlanta.

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.

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