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LASALLE PAYS UP FOR MCDONALD DCS

Atlanta

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LASALLE PAYS UP FOR MCDONALD DCS
mcdonald development lasalle investment management brandsmart usa 3100 southpark sale cushman wakefield david meline stewart calhoun samir idris casey masters darice fichter rose

McDonald Development Co just sold  two fully leased distribution centers for around $54/SF. LaSalle Investment Management purchased:

  • Southpark 4600 (a 400k SF facility with a 10-year lease to FedEx SmartPost)
  • Southpark 3100 (a 450k SF facility that was a  build-to-suit for BrandsMart USA—and still has 12 years left on a lease)for $46M, according to Databank.
Cushman & Wakefield's Stewart Calhoun, David Meline, Samir Idris, Casey Masters  and  Darice Fichter Rose brokered the sale.