WPM Buys I-20 Warehouse
WPM Commercial's Price Muir has picked up another another Atlanta property for an undisclosed price: 3658 Atlanta Industrial Dr, a 120k SF warehouse off I-20 West. The building had been acquired by Stream Realty Partners and DRA Advisors as part of a more than $380M, 9.6M SF industrial portfolio from Weingarten Realty Investors last year. Stream's Matt DiLeo repped the sellers while Lee & Associates' Craig Viergever and Taylor Smith brokered for the buyer. Price may be targeting the right submarket at the right time. According to Colliers International, the I-20 West market and Fulton Industrial has seen decent activity, with nearly 1M SF absorbed this year. Last year, Price bought two warehouses by Hartsfield-Jackson Atlanta International Aiport for more than $13M (reported here).