Search
 

Chicago's First Industrial Betting on 1.2 Mil SF of New Spec Product

ATLANTA-The Chicago-based firm tells GlobeSt.com its 800,00-sf Greenwood property, west of the metro area, is generating $2.6 million in annual revenue for the next 10 years.

By Shelley M. Johnson | Updated on April 05, 2001

ATLANTA-Chicago-based First Industrial Realty Trust appears to be on a financial fast-track as it expands its industrial holdings in Atlanta with over 1.2 million sf in speculative product development under way.

Its 800,000 sf Greenwood property west of the metro area is currently locked in to $2.6 million in annual revenues for a period of 10 years.

“Industrial is a more stable product type when it comes to real estate,” Ross Kirk, managing director of First Industrial’s eastern region, tells GlobeSt.com. “We have a major commitment in the metro area.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.