The tenant, owner Stone Mountain Industrial Park Inc. and Grubb& Ellis Co., which brokered the transaction, refused todisclose details of the deal.

But brokers familiar with the park's properties tell GlobeSt.comon condition of anonymity, the average asking rental rate isbetween $3.80 per sf and $3.95 per sf and that asking rates areholding because the area has one of the lowest vacancy rates in thegreater Atlanta MSA.

In a separate transaction, locally based Interphase WoodMoldings Inc. leased 20,000 sf of industrial space on Homer CoinRoad in a property owned by locally based D J & L, Inc. Areabrokers estimate the rental rate at between $4.29 per sf and $5.41per sf, giving the lease an aggregate value of about $500,000, areabrokers tell GlobeSt.com.

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