Area brokers tell GlobeSt.com the deal is the largest of its kind in the metro market in the third quarter. The site is off Interstate 75 and State Route 155 in Henry County.
The lease brings the 577,500-sf cross-dock distribution facility at 100 Interstate South Dr. to 75% occupancy and adds a third corporate tenant to the park. Genco and Wal-Mart also lease premises there.
H. Dayne Pryor, operating officer of park owner Panattoni Development Co. LLC of Sacramento, CA, declined to disclose the length or value of the transaction. But he tells GlobeSt.com the lease is "in excess of five years" and its value is "less than $10 million."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
