X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

One down and one to go is the theme these days at M.D. Hodges Enterprises Inc.’s new 55-acre industrial park in south Fulton County near Atlanta International Airport.

In one fell swoop, Hodges leased out the entire first 258,000-sf building to Miller Zell, a creator/seller of merchandising programs for retailers. The estimated value of the seven-year lease with renewal options is $12.6 million. Area rents average $6 psf to $8 psf.

The tenant will use the property for a logistics center comprised of warehousing, fixture assembly and fulfillment operations. Miller Zell is consolidating its operations. About 30 employees will initially work at the new building.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?

 

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.