Orange County industrial buildings are generally not old enough to be functionally obsolete, so the number of redevelopment projects is limited, especially since most businesses in the market don't need state-of-the-art space, JLL's Steve Wagner tells GlobeSt.com.

His hire is part of the company's push to expand its Mid-Atlantic office and industrial footprint.

Invision Logistics, a third-party logistics provider, has signed a 105,000-square-foot lease at Stone Mountain Industrial Park in Tucker, northeast of downtown Atlanta.

The all-cash acquisition occurs about three months after reports surfaced that the office products retailer was considering a sale.