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.