October 21, 2020
Lee & Associates has represented Stonelake Capital Partners in the acquisition of 307 Fulton Industrial Circle, an 84,862-square-foot industrial warehouse in Atlanta’s Fulton Industrial corridor. The sales price and seller were undisclosed.
The facility is nearby I-20 West, Charlie Brown Airport, Hartsfield Jackson International Airport, a new UPS facility and a new Amazon fulfillment facility as well as a number of other national manufacturers and distributors. The acquisition represents one of the Texas-based investment firm’s first investments outside of Texas in 13 years. Since the acquisition, Stonelake has grown their Atlanta portfolio to 1.3 million square feet with plans to continue to target the Atlanta market over the next 18-months.
Mike Sutter and Connor Winkler of Lee & Associates represented Stonelake Capital in the acquisition. Additionally, The Lee & Associates team structured a 1-year leaseback with the current occupant, Wilheit Packaging, allowing them to operate their business without any relocation disruptions.
For comments, questions or concerns, please contact David Cohen