Century Warehouse is taking down space in building A at 4131Southmeadow Parkway West. The tenant was represented by DaveWatson, Darren Ross, Steve Morgan and Lisa Misiak, all with Grubb& Ellis Co. Locally based McDonald Development Co. had in-housebroker, John Downing, leading its bargaining team for owner ofrecord, McDonald Ventures X LLC.

Ross says Century Warehouse's executive team had two primaryreasons for selecting the warehouse, which has 32-foot clearheights. "The location offers quick access to the interstate," Rosstells GlobeSt.com. "Also, they wanted a newer, shell building." Themulti-tenant warehouse is in Southmeadow Business Park, a 354-acrepark just off Camp Creek Parkway and Welcome All Road, about sixmiles from Atlanta Hartsfield International Airport.

The metro's industrial market has receded to its level of a yearago, according to CB Richard Ellis' first-quarter report. Vacancyis 15.6% in the 446.8-million-sf inventory. In Q1, there were fourindustrial projects came on line, including 648,000 sf in theairport submarket. There is 7.1 million sf under construction.Details about the Century Warehouse lease were unavailable, but themetro in general had an average rent of $4.53 per sf at the Q1close.