Downtown Atlanta

ATLANTA—Skyview Distribution Center, a 225,000-square-foot light industrial building in Atlanta's Interstate 20 West submarket has traded hands. Financial terms of the deal were not disclosed.

Ascentris, a Denver-based real estate investment manager, brokered the sale of the industrial asset for one of its public retirement system client. Developed in partnership with Huntington Industrial Partners and facility came online in August 2016 and features a front-loading configuration and 32-foot clear height. (Foreign investment in Atlanta industrial is also rising.)

Skyview began as a speculative industrial development following the acquisition of the land parcel in the fourth quarter 2014. Shortly after completion in August 2016, a lease was executed with Z-Gallerie, a national furniture retailer, for 100% of the building.

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