Stonelake Funding Snags 530K-SF Atlanta Industrial Profile

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Realty exclusive equity firm Stonelake Capital Allies has actually obtained a seven-property, 530,000-square-foot industrial portfolio in Atlanta. The list prices and seller were not divulged.

The profile includes 5025 North Royal Atlanta Drive in Tucker; 4164 Northeast Expressway in Atlanta; 470 as well as 472 Plaza Drive in Atlanta and 4820 Clark Howell in Atlanta. Stonelake is likewise currently under agreement on an additional 300,000 square feet of industrial possessions across Atlanta which will bring Stonelake’s ownership of Atlanta industrial warehouses to 26 buildings completing 1.6 million square feet in 2020.

Stonelake obtained the portfolio through an off-market transaction via Stonelake Chance Allies V LP, which is Stonelake’s fifth (5th) private equity fund totaling $326 million in equity capital dedications.

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