While is it currently fully leased by a single tenant, the property was designed to be split between multiple tenants if necessary. The tenant has invested heavily to customize the space for its operations, including installation of air conditioning and LED lighting throughout the entire building, as well as an extensive racking and conveyor system.

A target market for industrial for the fund, Atlanta continues to add jobs at a strong rate and remains among the top-performing industrial markets in the country, according to CBRE. Atlanta is at the crossroads of North American north-south and east-west travel, making it an ideal location for logistics users.

Specifically, the Northeast submarket, where Broadway Distribution Center is located, is the largest industrial submarket in Atlanta. It accounts for 23% of all industrial space in the Atlanta market, and is well-known for its convenient access to Interstate 85, Interstate 285, and Gwinnett County's growing population base.

“Atlanta is booming, and that is driving industrial space demand immediately outside the city,” Pat Murphy of Cushman & Wakefield tells GlobeSt.com. “We are seeing tremendous expansion at Georgia State University and within the government sector. Sports and entertainment is growing here, too, and new studios are popping up as the TV and movie business increases its local presence.”

Healthy leasing to date in 2016 has resulted in tightening vacancies in the Atlanta regional industrial market. “Tenant activity remains steady as the economy continues to grow,” Murphy says. “As a result, we expect that supply and demand will remain balanced here in the coming months and into 2017.”

The industrial sector has become the hottest segment in commercial real estate. How will logistics companies keep up with the market forces of omnichannel commerce? When will new supply finally catch up with demand? Who's putting investment capital into industrial and what does the future hold? Join us at RealShare Industrial on November 16 and 17 for answers to these and other questions. Learn more.

ATLANTA—Broadway Distribution Center, a 613,440 square foot class A industrial building in the Atlanta area, has traded hands. The sale price was not disclosed.

A fund advised by CBRE Global Investors acquired the industrial asset. The distribution center is fully leased to a Amazon.

“Broadway Distribution Center is a highly desirable building in a highly desirable market,” says Kim Hourihan, portfolio manager for CBRE Global Investors Americas. “The combination of strong population growth, a business-friendly environment, and a roster of high-quality, professional companies places Atlanta in a strong position for expansion going forward.”

Located at 650 Broadway Avenue in Braselton, GA, the newly constructed cross-docked distribution/warehouse center features a 36-foot clear height, ESFR fire suppression, 190 – 200 foot all-concrete truck courts, TPO roof with 20-year warranty, auto parking expandable to over 212 spaces, and 171 trailer storage spaces that can be expanded to 265 spaces.

While is it currently fully leased by a single tenant, the property was designed to be split between multiple tenants if necessary. The tenant has invested heavily to customize the space for its operations, including installation of air conditioning and LED lighting throughout the entire building, as well as an extensive racking and conveyor system.

A target market for industrial for the fund, Atlanta continues to add jobs at a strong rate and remains among the top-performing industrial markets in the country, according to CBRE. Atlanta is at the crossroads of North American north-south and east-west travel, making it an ideal location for logistics users.

Specifically, the Northeast submarket, where Broadway Distribution Center is located, is the largest industrial submarket in Atlanta. It accounts for 23% of all industrial space in the Atlanta market, and is well-known for its convenient access to Interstate 85, Interstate 285, and Gwinnett County's growing population base.

“Atlanta is booming, and that is driving industrial space demand immediately outside the city,” Pat Murphy of Cushman & Wakefield tells GlobeSt.com. “We are seeing tremendous expansion at Georgia State University and within the government sector. Sports and entertainment is growing here, too, and new studios are popping up as the TV and movie business increases its local presence.”

Healthy leasing to date in 2016 has resulted in tightening vacancies in the Atlanta regional industrial market. “Tenant activity remains steady as the economy continues to grow,” Murphy says. “As a result, we expect that supply and demand will remain balanced here in the coming months and into 2017.”

The industrial sector has become the hottest segment in commercial real estate. How will logistics companies keep up with the market forces of omnichannel commerce? When will new supply finally catch up with demand? Who's putting investment capital into industrial and what does the future hold? Join us at RealShare Industrial on November 16 and 17 for answers to these and other questions. Learn more.