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ATLANTA-Delivered in September, the Third Flag Parkway warehouse building has been waiting for a tenant such as ChemRex Inc., a national construction products firm. The Shakopee, MN-based firm has signed a five-year, 56,600-sf lease with an estimated value of $1.7 million. Rental rates in the area range between $5.50 per sf and $7.50 per sf.

ChemRex will relocate its Southeast regional warehouse to the Austell site in January. The company has seven regional locations where it manufactures and distributes construction sealants, coatings, adhesives, cement products, polyurethane sealants and related building chemical products.

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