As Highwoods Properties says adios to its Atlanta industrial portfolio, a couple of industrial investors were happy to take the reins. (Will it be awkward when Highwoods sees them at a party with another investor on their arm?)
Huntington Industrial Partners—
cofounded recently by commercial real estate vet
Lathan Allen—picked up Southside Distribution Center, a
two-building 191k SF complex off Southside Industrial Pkwy for
$4.78M. (You don't wanna know what we had to do to get this pic.) And then Hailey Realty has picked up
five buildings in Peachtree Corners, including 6348 and 6438 Dawson Blvd, 6576 and 6586 Interstate 85 Court and 6353 Warren Dr, sources say. Together, the Norcross facilities traded for
nearly $5M. Colliers International's
Dennis Mitchell, Matt Wirth, and
Lee Cardwell brokered the sales.
Highwoods'
Jim Bacchetta was unavailable for comment about the sale. But company execs
previously disclosed that Highwoods would be
exiting the Atlanta industrial market to focus on office here. And sources tell us that Highwoods has a slew of other properties
under contract, including Newpoint Place, Corporate Lakes and Tradeport in Hapeville, to an undisclosed party.
