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GlobeSt.com EXCLUSIVE: Ashley Takes Three-Building Portfolio

NEW YORK CITY-Ashley doubles its presence in Atlanta with this 1.1-million-sf acquisition. The firm also acquires the last piece of the 14-building Calumet Business Center in Chicago.

By Barbara Jarvie | Updated on September 16, 2005

(To read more on the industrial market, click here.)

NEW YORK CITY-Locally based Ashley Capital has acquired three industrial buildings from Solo Cup Co. Two of the properties are located in the metropolitan Atlanta cities of Conyers and Jonesboro, while the other is in Chicago. They total 1.1 million sf and had an asking price of $18 million.

The acquisitions double Ashley’s presence in the Atlanta market. With the Chicago purchase, the firm now owns the entire 14-building Calumet Business Center. Ashley has been involved with the two-million-sf industrial park on the south side for more than 20 years.

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