BrandsMart Leases 226,200 SF at SouthPark

ATLANTA-SouthPark, a 358-acre business park near Interstates 675 and 75 in Clayton County, will have a new tenant in September when Fort Lauderdale, FL-based BrandsMart occupies a 226,2000-sf leased distribution center that could be expanded to 743,500 sf within the next five years.

Park owner McDonald Development Co. didn’t disclose the value of the 15-year lease. But area industrial brokers familiar with the submarket and the product tell GlobeSt.com the build-to-suit structure will probably be leased for about an average $4.50 per sf or a total $15 million over the life of the lease. The center will bring 150 new jobs to Clayton County as BrandsMart rolls out the first of several retail locations in the metro area.

“BrandsMart’s long-term lease continues to validate SouthPark’s appeal as an excellent distribution location for bulk users,” says McDonald senior vice president Lathan Allen who negotiated the lease for his company. “We can accommodate another two million sf of build-to-suit or speculative development at SouthPark and expect companies to continue targeting our location as the overall economy continues to improve.”