ATLANTA-Colliers Spectrum Cauble has been selected by Denver-based Dividend Capital Trust to manage an industrial portfolio of 1.15 million sf of property in Gwinnett County.

The portfolio consists of 11 buildings in the Northeast submarket with properties located on Northmont Parkway, Evergreen Boulevard and Summit Ridge Parkway, says Colliers Spectrum Cauble Management senior vice president Erika Plumer. Charles Swain, president of Colliers Spectrum Cauble's management division, tells GlobeSt.com that Colliers was awarded the assignment after Dividend Capital purchased five million sf in properties from CalTIA. In addition to the Atlanta properties, Colliers was awarded the assignment of 1.5 million sf in Orlando, 1.5 million sf in Charlotte, NC and one million sf in San Francisco. "Our goal is to maintain great tenant relationships and try to maintain the properties in the best shape we can," Swain says.

The new assignment adds to an existing 1.3 million sf of industrial space Colliers already manages on behalf of Dividend Capital and another 3.8 million sf for which Colliers provides accounting services. Colliers currently manages approximately 12 million sf of Dividend Capital-owned property throughout the US.

With 1,796 buildings and 131 million sf of total inventory, the Northeast is Atlanta's largest and most active industrial submarket, according to a Cushman & Wakefield Q2 market report. Thus far, the Atlanta area has seen 10 million sf of leasing activity, three million of which has occurred in the Northeast submarket. The vacancy rate is 10.6% with an average rental rate of $4.56 per sf, the report states.