The property sold for $10.95 million at a 6% capitalization rate.

"Elevated demand from e-commerce retailers and distributors coupled with a limited supply of land and space, has led to record high sales prices for quality industrial assets like 39 Robinson," says NAI Hanson's Andrew Somple.

Located in the heart of Perimeter Center, the hotel is surrounded by more than six million square feet of shopping, dining and entertainment.

Broadstone Yards commissioned several pieces of art from noted and emerging local artists alike, reflecting Atlanta's history and celebrating the city's industrial beginnings.

Class A availability and vacancy rates have declined precipitously over past 10 years.

HREC Investment Advisors brokered the sale through RealINSIGHT Marketplace, an online sales platform for commercial real estate.

Residents will have access to health and wellness programs, nutrition and healthy food access, workforce development, adult and youth education support, and community engagement.

The authenticated online luxury consignment brand will house its fulfilment operations in Prologis' warehouse building