X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

NEWNAN, GA-Yamaha Motor Manufacturing Corp. of America has signed a 200,000-sf, multi-year lease for space in the Creekside Distribution Center. Yamaha will occupy the entire building at 380 Wall Sanders Memorial Dr., a site adjacent to its production facilities. The building is owned by City of Industry, CA-based Majestic Realty Co. Brad Pope, of NAI Brannen Goddard, negotiated the lease on behalf of Yamaha.

“Yamaha is very pleased that the growth in our business can be accommodated by expanding into a local facility that is so close to our main manufacturing area,” says Yamaha Motor Manufacturing Corp. president Tony Iio. “This new facility will enable Yamaha to improve its incoming parts operation and support our overall growth for the next several years.”

Yamaha manufactures recreational product lines including golf cars, all terrain vehicles, personal watercraft and side-by-side utility vehicles. The company employs more than 1,200 workers at its manufacturing campus.

The Creekside Distribution Center features a cross-dock design, which facilitates manufacturing on a “just-in-time” basis. The building has 30-ft ceiling clearance, an ESFR sprinkler system and trailer storage. “Majestic is excited to have Yamaha Motor Manufacturing as a tenant at Creekside,” says Majestic Realty vice president Todd Carter, who handled the transaction. “Our building offers exactly the resources that compliment their production facilities which are literally only a few seconds away.”

According to a CB Richard Ellis Q4 industrial market report, Atlanta was experiencing a 14.1% vacancy rate among distribution space at the end of the year with 2.6 million sf of absorption during the year and an average asking rental rate of $4.32 per sf.

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 Spring 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

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