News
ACKERMAN EXITS GATEWAY
October 26, 2010
| Talk about a quick turnaround. Ackerman & Co. has sold an industrial project barely a year after acquiring it, sources tell Bisnow. |
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| Private equity firm KTR Capital Partners picked up the two-building 410K SF Gateway Distribution Center at 6047 and 6049 Fulton Industrial Blvd. for $7.8M. CRRE's Brian Budnick, Chris Riley, and Frank Fallon brokered the sale for Ackerman. With the quick turnaround, it's likely the first major round-trip commercial investment in Atlanta this cycle. Ackerman acquired the project for $6M from a fund operated by ING, then moved quickly to renew Carolina Logistics and secure Jerich International. |
