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ATLANTA-Locally based Hanover Acquisition Group buys Atlanta-based Haverty Furniture Companies’ 204,040-sf distribution center in Doraville, GA for $4.4 million or $21.35 per sf. Haverty will lease back the space located on Peachtree Road until December.

The terms of the Haverty short-term lease were not disclosed. The average asking rental rate for distribution space in the Doraville area along Atlanta’s northeast I-85 corridor is about $5.60 per sf, according to GlobeSt.com research.

Haverty, which operates 104 furniture stores in 14 Southeastern states, is consolidating its Atlanta and Charlotte warehouses into a single 511,000-sf center in Braselton. The Braselton property is expandable to 932,000 sf.

It was developed by locally based-John W. Rooker & Associates, which owns the property. Haverty occupies it under an operating lease structure.

Neither the lease terms nor the price of construction were disclosed. The Atlanta office of Los Angeles-based CB Richard Ellis brokered the transaction.

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