Skyview is one of two speculative industrial developments Ascentris and Huntington recently developed in Atlanta. The other, Fairburn 85, is a 318,000-square-foot cross-dock warehouse building the companies built in partnership with Trammel Crow Company and delivered in November 2015. The industrial building is located on Spence Road, about 1.5 miles from Interstate 85, in the Interstate 85 South submarket, and is currently 60% leased to DHL.

CBRE marketed the industrial building for sale in January 2017 and reports “significant interest” from prospective buyers. Todd Barton of CBRE performed the leasing at Skyview Distribution Center and Chris Riley and Frank Fallon of CBRE's Institutional Properties team brokered the sale. (Find out why Atlanta's industrial market may be more resilient than most.)

“During this cycle, one major trend for large industrial users has been focusing on speed to market, which has been brought on by the explosion in e-commerce demand,” Trey Barry, CBRE National Partners, Industrial, tells GlobeSt.com. “Users are struggling to keep pace with this growth in their supply chain networks. As a result, users are looking for bigger blocks of space close to major metropolitan areas and prefer buildings either already constructed or close to completion in order to hit their tight timelines. This has been one of the largest trends impacting the success of the bulk speculative developers in 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.

“The partnership made the decision to develop Skyview and Fairburn when it realized that the Atlanta industrial market had entered the recovery stage of its cycle,” says Ascentris managing director Tricia Noble. “In 2014, new development of class A industrial space was extremely limited and rental rates were just beginning to increase for the first time since the recession.”

Skyview is one of two speculative industrial developments Ascentris and Huntington recently developed in Atlanta. The other, Fairburn 85, is a 318,000-square-foot cross-dock warehouse building the companies built in partnership with Trammel Crow Company and delivered in November 2015. The industrial building is located on Spence Road, about 1.5 miles from Interstate 85, in the Interstate 85 South submarket, and is currently 60% leased to DHL.

CBRE marketed the industrial building for sale in January 2017 and reports “significant interest” from prospective buyers. Todd Barton of CBRE performed the leasing at Skyview Distribution Center and Chris Riley and Frank Fallon of CBRE's Institutional Properties team brokered the sale. (Find out why Atlanta's industrial market may be more resilient than most.)

“During this cycle, one major trend for large industrial users has been focusing on speed to market, which has been brought on by the explosion in e-commerce demand,” Trey Barry, CBRE National Partners, Industrial, tells GlobeSt.com. “Users are struggling to keep pace with this growth in their supply chain networks. As a result, users are looking for bigger blocks of space close to major metropolitan areas and prefer buildings either already constructed or close to completion in order to hit their tight timelines. This has been one of the largest trends impacting the success of the bulk speculative developers in Atlanta.”