ATLANTA—Atlanta's white hot industrial market just proved its speculative development strength once again. Trammell Crow Company with its partners Huntington Industrial Partners and Ascentris, sold Fairburn 85 Distribution Center, a class A, speculative industrial building totaling 317,520 square feet to GLP US Management.
Trammell and its partners had strong foresight in the deal that is paying off. The ownership team acquired the 29.73-acre land site, which is located in the Interstate 85 South Atlanta submarket, in 2014.
“This was our first speculative industrial development in Atlanta this cycle…” says Mark Dishaw, principal of Trammell Crow's Atlanta Business Unit. Chris Riley, Frank Fallon and Trey Barry, all with CBRE Atlanta, represented the owners in the sale.
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