SAN FRANCISCO-Locally-based AMB Property Corp. has acquired the 200,000-sf former Mitsubishi distribution center on Atlantic Boulevard in Norcross, GA.

The seller was Mitsubishi Electronics America. The building is occupied by BellSouth, which is committed to a long-term lease. Trammell Crow Co. will manage and lease the property, which has been renamed Atlantic Distribution Center.

AMB now owns nearly 7 million sf of industrial space in metro Atlanta along the I-85 corridor in Gwinnett County and around Hartsfield International Airport. It has acquired about 1.2 million sf this year.

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