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McDONOUGH, GA-Chicago-based First industrial Realty Trust Inc., which owns 12 million sf of industrial real estate in metro Atlanta, has rung up a total 448,949 sf in a 30-day Southeast leasing run. A total 427,049 sf was leased in metro Atlanta.

A First Industrial representative was trying to assess the estimated value of the five leases for GlobeSt.com at publication deadline. However, Atlanta area industrial brokers familiar with the developer's area properties tell GlobeSt.com the estimated aggregate value of the five transactions was at least $5 million. The brokers based their estimate on an average effective rent of $2.50 per sf over an estimated average lease length of at least five years.

In the two largest transactions, the J.M. Smucker Co. of Orville, OH signed a 240,000-sf lease at 220 Greenwood Court, a food-related products distribution warehouse within Greenwood Industrial Park in McDonough, Henry County. Public Special Commodities Inc. is taking 111,435 sf at the 4071 Building in the Southmeadow Business Park, 4701 Southmeadow Parkway in South Fulton County.