7255 Brumbley Court, Fairburn, GA
FAIRBURN, GA—Industrial Outdoor Ventures, the first national real estate investment company focused exclusively on the acquisition, development and re-development of industrial service facilities, has acquired a truck and container parking facility at 7255 Brumbley Ct. in Fairburn, GA, from Midway Auto Realty, for $4.5 million.
The 23.5-acre property can host approximately 700 truck or container spots. It is in Atlanta's South Industrial Submarket along I-85, near the CSX Intermodal and many of the area's new spec developments. It is fully leased to Store My Truck, an Atlanta based company that operates 28 managed parking facilities in eight states.
Thomas Barbera, CEO, Industrial Outdoor Ventures
“In terms of managed parking facilities, 700 spots is a substantial facility and we are pleased to welcome Store My Truck, one of the largest parking operators in the southeastern US, to the porfolio, ” says IOV CEO Tom Barbera. “Given its prime location, it's a perfect fit for our growing Atlanta presence.”
Early last year, IOV entered the Atlanta market with the acquisition of two ISFs located at 5430 Georgia Highway 85 in Forest Park, GA, and 2090 Jonesboro Rd. A in Atlanta. It added 2090 Jonesboro Rd. B and 3184 Fayetville Road SE—both in Atlanta—earlier this year.
“When it comes to moving goods across the country, Atlanta is a major hub. We will continue to seek opportunities for investment here,” says Barbera.
IOV remains in acquisition mode, seeking to acquire $100 million in assets over the next 12 to 24 months—with a five-year plan to amass more than $500 million in product type. Its portfolio currently spans the US with properties in major markets such as Denver, Dallas, Chicago and Houston – among others.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
