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Kmart Warehouse Inks 226,000 SF Lease in Negative Absorption Deal

ATLANTA-CushWake's Ray Stache tells GlobeSt.com's Jennifer LeClaire the Kmart lease is somewhat typical in a market that has seen plenty of consolidation during the downturn.

By Jennifer LeClaire | Updated on November 29, 2011

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.

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