May 25, 2017 Comments Off on Construction Supplier Leases 100K-SF at Majestic Realty’s Metro Atlanta Warehouse Views: 333 Georgia, National News, Southeast

Construction Supplier Leases 100K-SF at Majestic Realty’s Metro Atlanta Warehouse

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Ferguson Enterprises Inc. signed a 105,000-square-foot lease at a newly developed warehouse at Majestic Airport Center III, located in Union City, GA. Cushman & Wakefield’s Gordon Benedict represented the tenant, while the landlord, Majestic Realty Co., was self-represented by Will Lombard.

“This is a perfect location for Ferguson Enterprises to continue to reach the growing residential and commercial contractor business on the southside of Atlanta,” said Benedict, who notes Atlanta has more finished buildable lots on the ground than anywhere else in the U.S., though inventory on the southside is declining due to a recent surge in construction activity.

The building, located at 6730 Oakley Industrial Blvd. in metro Atlanta’s I-85 submarket, is within the boundaries of an existing Opportunity Zone, which qualifies users to take advantage of a job tax credit equal to $3,500 per employee annually for five years.

Read more at Cushman & Wakefield

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