Order Reprints … October 21, & 2020 Lee & Associates has stood for Stonelake Capital Allies in the acquisition of 307 Fulton Industrial Circle, an 84,862-square-foot commercial storage facility in Atlanta’s Fulton Industrial hallway. The prices and seller were unrevealed.
The center is neighboring I-20 West, Charlie Brown Airport Terminal, Hartsfield Jackson International Flight terminal, a new UPS facility and a brand-new Amazon gratification facility along with a number of other national makers and distributors. The purchase stands for one of the Texas-based investment company’s initial investments outside of Texas in 13 years. Given that the procurement, Stonelake has actually expanded their Atlanta profile to 1.3 million square feet with plans to remain to target the Atlanta market over the following 18-months.
Mike Sutter as well as Connor Winkler of Lee & & Associates represented Stonelake Funding in the acquisition. Furthermore, The Lee & & Associates team structured a 1-year leaseback with the current passenger, Wilheit Packaging, permitting them to operate their business without any moving disruptions.
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