ATLANTA—Phase II of King Mill Distribution Park near Atlanta has traded hands. Trammell Crow Company and its partner, Allstate, sold the industrial asset to Pure Industrial Real Estate Trust (PIRET), a Canadian Real Estate Investment Trust (REIT) that focuses on industrial properties. Financial terms of the deal were not disclosed.

Spanning 760,256 square feet, the class A industrial warehouse is located at 150 Distribution Drive, in McDonough, GA. The property was part of Allstate's investment portfolio before the sale. CBRE Atlanta's Frank Fallon, Chris Riley and Trey Barry represented the seller in the transaction.

“King Mill Distribution Park will be a great addition to PIRET's current industrial portfolio as the REIT continues to expand its footprint throughout the state of Georgia and the US,” says Mark Dishaw, principal in TCC's Atlanta Business Unit. “We have now successfully developed and sold each of our King Mill buildings totaling more than 1.6 million square feet and look forward to more development opportunities in the area.”