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Dividend Unloads ATL Warehouse

Atlanta Industrial

We just got word--thanks to an SEC filing--that CBRE's Chris Riley, Brian Budnick, and Frank Fallon just participated in a huge multistate industrial transaction for Dividend Capital Diversified Property Fund. Dividend just unloaded a portfolio of 12 industrial properties encompassing some 3.4M SF and 98% occupied to a fund managed by JPMorgan for $175M. Among those properties was 130 Greenwood Industrial Pkwy, a 491k SF warehouse leased to The Sports Authority, Chris (seen here on right with Hartman Simons' Summey Orr during a 2012 Bisnow event) tells us.