Atlanta Is Uniquely Strategic for Industrial Bets

Downtown Atlanta

ATLANTA—Woodmont Industrial Partners (WIP) purchased a 519,045-square-foot distribution center in Morrow, GA. The sale price: $9.2 million. The industrial building is located within the Atlanta South submarket, along Interstate 75. Interstate 75 is one of the main arteries surrounding the Atlanta Metropolitan area.

As part of its strategic expansion, WIP’s goal is acquire three million square feet of existing value-add opportunities and/or land for development within the next 18 months in major transportation corridors. Located at 1791 Mount Zion Road, the Morrow industrial property clearly demonstrates WIP’s expansion plans outside of the Northeast region and highlights the firm’s aggressive strategy to invest in major markets in port/intermodal areas around the country.