ATLANTA—Stone Mountain Industrial Park, a 4.1 million-square-foot master-planned park in Atlanta's Tucker/Stone Mountain submarket, has traded hands. The sale price: $135 million.
Ackerman & Co. acquired the industrial park, which includes 69 buildings. Pattillo Industrial Real Estate originally developed the assets. Ackerman and Pattillo have been two of the leading Atlanta commercial real estate companies for the last 50 years.
Ackerman partnered with Investcorp—an alternative investment manager and active real estate investor in Atlanta and the Southeast—to complete the transaction. The deal closed in 75 days. Cushman & Wakefield's Stewart Calhoun, David Meline, Samir Idris, and Casey Masters brokered the sale on behalf of Pattillo.
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