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November 12, 2020 Comments Off on KKR Acquires 1M-SF Industrial Facility in Metro Atlanta Views: 988 Atlanta Metro, Atlanta News, Top Atlanta

KKR Acquires 1M-SF Industrial Facility in Metro Atlanta

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JLL has brokered the sale of a 1,002,150-square-foot warehouse at The Cubes at Bridgeport industrial park in Metro Atlanta’s Coweta County. The buyer, KKR, acquired the facility for an undisclosed price.

The 1,002,150-square-foot facility, which was developed on a speculative basis, is located at 280 Bridgeport Parkway in Newnan. The building’s shell was completed in November 2019 and features 40-foot clear heights, 620-feet deep cross loading, 50-foot by 57-foot column spacing and 60-foot speed bays. The facility, which is fully leased, is the first completed development at the 500-acre mega site.

John Huguenard, Britton Burdette, Matt Wirth and Dennis Mitchell of JLL represented the seller in the transaction, CRG, the real estate development and investment arm of Chicago-based Clayco. The warehouse development was a joint venture partnership between CRG, U.S Logistics Fund 1 and Pope & Land.

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