Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the industrial market.)

McDONOUGH, GA-Chicago-based First Industrial Realty Trust Inc. has acquired an 833,000-sf distribution facility at 180 West Ridge Parkway on behalf of its development/repositioning joint venture with the California State Teachers Retirement System.

The building is cross-docked with 500-foot building depth, 32-foot minimum clear height and features 182 dock high loading positions, four drive-in doors, 200-foot truck court depth and 189 trailer storage positions. The building is 100% vacant.

The transaction was handled by First Industrial Realty Trust senior investment officer Brady Scott and investment officer David O’Reilly, both of whom are based in Atlanta. Tom Shafer, of Resource Real Estate Partners, represented the seller.

The property is located in the Interstate 75 South/Henry County submarket of Atlanta. “The Interstate 75 South/Henry County submarket is the ‘gateway to Florida’ and is an important distribution location for customers serving the Southeast’s growing population,” Scott says.

First Industrial plans to reposition the property by reconfiguring dock packages and building out additional office space to serve one or two customers with large distribution needs. Todd Barton and Greg Haynes, of CB Richard Ellis, have been named leasing agents for the facility.

“We saw an opportunity to reposition a state-of-the-art quality building and create value through the fund,” O’Reilly tells GlobeSt.com. “We’ve budgeted additional capital that we feel is necessary to get the building in more of a make-ready condition.”

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.