ATLANTA-DW Management and AREA Property Partners have purchaseda portfolio of industrial warehouses measuring 4.5 million squarefeet for $170 million. They bought the 12 Class A industrialbuildings from Pattillo Investment Partners LLC.
The Atlanta office of Cushman & Wakefield SonnenblickGoldman set up a $100-million financing for the acquisition. AREAbought the properties with its AREA Value Enhancement Fund 7. Theindustrial properties are located in different states, includingGeorgia, Florida, Texas and South Carolina.For the full story,go to Atlanta Business Chronicle.
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