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Fulton Snags Two Tenants Taking 188,274 SF at Est. Value of $2.82M

ATLANTA-Savings and lower rental rates are cited as reasons why leases were signed in two separate transactions, totaling 188,274 sf at properties in the Fulton submarket, where asking average rentals range between $3.34 per sf and $4.46 per sf.

By Marita Thomas | Updated on October 22, 2002

ATLANTA-In separate transactions, Phoenix, AZ-based Image Works filled a 92,000-sf industrial building on Atlanta Industrial Parkway, and Indianapolis-based Inland Paperboard and Packaging leased 96,274 sf at the West Park Distribution Center.

Both properties are in the Fulton submarket. Brokers refused to disclose lease terms, estimated by area brokers at five years, but said in prepared statements lease-cost savings and lower rental rates are cited as reasons for the moves.

The estimated aggregate value of the leases is $2.82 million based on average rent of $3 per sf, area brokers tell GlobeSt.com.

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