(To read more on the industrial market, click here.)

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NEWNAN, GA-Yamaha Motor Manufacturing Corp. of America hassigned a 200,000-sf, multi-year lease for space in the CreeksideDistribution Center. Yamaha will occupy the entire building at 380Wall Sanders Memorial Dr., a site adjacent to its productionfacilities. The building is owned by City of Industry, CA-basedMajestic Realty Co. Brad Pope, of NAI Brannen Goddard, negotiatedthe lease on behalf of Yamaha.

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"Yamaha is very pleased that the growth in our business can beaccommodated by expanding into a local facility that is so close toour main manufacturing area," says Yamaha Motor Manufacturing Corp.president Tony Iio. "This new facility will enable Yamaha toimprove its incoming parts operation and support our overall growthfor the next several years."

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Yamaha manufactures recreational product lines including golfcars, all terrain vehicles, personal watercraft and side-by-sideutility vehicles. The company employs more than 1,200 workers atits manufacturing campus.

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The Creekside Distribution Center features a cross-dock design,which facilitates manufacturing on a "just-in-time" basis. Thebuilding has 30-ft ceiling clearance, an ESFR sprinkler system andtrailer storage. "Majestic is excited to have Yamaha MotorManufacturing as a tenant at Creekside," says Majestic Realty vicepresident Todd Carter, who handled the transaction. "Our buildingoffers exactly the resources that compliment their productionfacilities which are literally only a few seconds away."

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According to a CB Richard Ellis Q4 industrial market report,Atlanta was experiencing a 14.1% vacancy rate among distributionspace at the end of the year with 2.6 million sf of absorptionduring the year and an average asking rental rate of $4.32 persf.

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