ATLANTA—Briggs Equipment just snapped up a 122,800-square-foot industrial warehouse in Atlanta for $5.9 million. The industrial asset is located in Atlanta's Airport South submarket at 4695 Aviation Parkway within International Airport Park.
Transwestern's Brent Dutson and Julian Brown represented Stockbridge Capital Group. Stockbridge is the advisor to the real estate pension fund that sold the property. Transwestern will continue to lease and manage all other properties at International Airport Park. James Wiant with Wiant Commercial Real Estate represented Briggs.
“The sale of this facility is a win from many perspectives,” says Dutson, Transwestern's vice president and industrial specialist. “The entire International Airport Park will benefit from Briggs' long-term investment and commitment to occupy a significant portion of the vacant space. Most notably, this transaction will continue to tighten the Airport South market, particularly for the demand of space within the 80,000- to 120,000-square-foot range.”
The 4695 Aviation Parkway building is the largest warehouse facility located within International Airport Park, a master-planned industrial campus with nine buildings spanning 523,592 square feet. Briggs will occupy 100% of the industrial facility once the build-out is completed. Stockbridge will remain the advisor for the other eight buildings in the park.
Built in 1987, the industrial facility features a 24-foot clear height, 31 dock-high doors, more than 215 parking spaces and above-market trailer storage areas. The property is located between Interstates 75, 85, and 285 interchanges. The campus offers access to Hartsfield-Jackson International Airport as well as all of metro Atlanta.
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