LASALLE PAYS UP FOR MCDONALD DCS

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.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

1375 Peachtree: A Bespoke Design Redefining The Midtown Atlanta Workspace

Furniture Outlet The Dump Is Getting Dumped In Atlanta

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Thor Equities Plans $1B Data Center In North Georgia: The Atlanta Deal Sheet

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Solar Projects In Georgia Meet Local Backlash As Data Centers Drive Demand For Power

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient