The property sold for an average of $14,000 per acre, said David O. Williams, who represented the seller for Advantis. Rick Tumlin of Advantis Real Estate Services Co. represented Atlanta-based OA Development. OA Development just completed a 96,000-sf distribution facility on Old Dixie Highway and plans to develop the Gilbert Street property.
"This site is one of the larger remaining parcels in close proximity to Hartsfield International Airport and, based on the realignment of Aviation Boulevard and Conley Road, it will have direct access into the airport and cargo loading areas," Tumlin said in a written statement.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
