Downtown Atlanta

ATLANTAWoodmont IndustrialPartners (WIP) purchased a 519,045-square-footdistribution center in Morrow, GA. The sale price: $9.2 million.The industrial building is located within theAtlanta South submarket, along Interstate 75. Interstate 75 is oneof the main arteries surrounding the Atlanta Metropolitan area.

As part of its strategic expansion, WIP's goal isacquire three million square feet of existing value-addopportunities and/or land for development within the next 18 monthsin major transportation corridors. Located at 1791 Mount Zion Road,the Morrow industrial property clearlydemonstrates WIP's expansion plans outside of the Northeast regionand highlights the firm's aggressive strategy to invest in majormarkets in port/intermodal areas around the country.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.