The terms of the Haverty short-term lease were not disclosed. The average asking rental rate for distribution space in the Doraville area along Atlanta's northeast I-85 corridor is about $5.60 per sf, according to GlobeSt.com research.
Haverty, which operates 104 furniture stores in 14 Southeastern states, is consolidating its Atlanta and Charlotte warehouses into a single 511,000-sf center in Braselton. The Braselton property is expandable to 932,000 sf.
It was developed by locally based-John W. Rooker & Associates, which owns the property. Haverty occupies it under an operating lease structure.
Neither the lease terms nor the price of construction were disclosed. The Atlanta office of Los Angeles-based CB Richard Ellis brokered the transaction.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
