ATLANTA-In an industrial market that’s still struggling to gain major traction, another consolidation resulted in a negative absorption deal for the metro Atlanta area. Although Sears Holdings/Kmart inked a 226,000-square-foot lease in Forest Park, the sum total of the whopping deal resulted in a net loss for the region.

Sears Holdings/Kmart is settling in at 5290 Old Dixie Highway in Forest Park, GA. Ray Stache, James Phillpott and Lisa Bosshardt-Pittman of the Atlanta office of Cushman & Wakefield represented Sears Holdings/Kmart. SPG Forest Park owns the building, the ultimate beneficiary of the consolidation.

“This location is across the street from the Kmart fashion distribution center,” Stache tells GlobeSt.com. “Kmart was already occupying a little more than half of the building. But they also had a secondary warehouse a little further south. We did an analysis to figure out the best option. The result was a renewal and expansion into this building.”