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September 10, 2020 Comments Off on KKR Snags Last-Mile Facility Near Atlanta Airport for $22M Views: 678 Atlanta Metro, Atlanta News, Top Atlanta

KKR Snags Last-Mile Facility Near Atlanta Airport for $22M

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KKR has acquired Atlanta Last-Mile Center, a recently renovated, 205,541-square-foot, last-mile industrial facility adjacent to Hartsfield-Jackson International Airport in Atlanta. The sales price was $21.7 million.

Located on nearly 30 acres at 2750 Sullivan Rd., the facility provides easy access to one of the world’s most traveled airports as well as a CSX rail spur across the street. The center is currently leased to two tenants, including one of the world’s largest e-commerce companies, which uses the property as a last-mile delivery station. In 2016, the facility underwent $5 million in capital improvements, including a 37,200-square-foot expansion, new truck courts, new dock doors, renovated interior, new electrical system and new ESFR sprinkler systems.

Britton Burdette, Matt Wirth, Pete Pittroff, Dennis Mitchell, Mitchell Townsend, Crosby Taylor and Stephen Bridges of JLL represented the seller, a joint venture between Hardie Real Estate Group and Palatine Capital Partners, in the transaction.

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