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

TikTok Inks 1M SF Warehouse Lease: The Atlanta Deal Sheet

Rates, Rents And AI Risks: Peter Linneman's Warning For CRE

Interest Rate Hike Douses Outlook For Atlanta Developers

Delaware Statutory Trust Fundraising Jumps 27% From 2025

CRE Finance Sentiment Index Falls To 3-Year Low As Economic Fears Mount

RN3 Enters Dutch Logistics Market With DHL Sale-Leaseback Deal

Renewals Dominate In Years-Low Office Leasing Quarter

South Fulton Mayor Embraces Data Centers After End Of Moratorium

Law Firm Occupies Shorenstein's 14th & Spring Tower: The Atlanta Deal Sheet

KKR's Chris Lee On Finding Opportunities As CRE Begins A 'Regime Change'

Jamestown Investment Fund Seeks To Sell Southern Dairies

Student Housing Developers Getting More Selective On Where To Build