Source: Connect Atlanta 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 …
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Amazon Fires up Atlanta Fulfillment Engine, Pays Record Price for Doraville Site
Source: Atlanta Business Journal Amazon.com Inc. is expanding its Atlanta warehouse operations by turning two aging industrial buildings on the Perimeter into its latest delivery station. The e-commerce giant purchased a 20-acre property in Doraville just north of I-285 on …
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Atlanta Industrial Market Reaches New Record in 2020
Photo from publicdomainpictures.net Source: Atlanta Business Chronicle What impact has Amazon had on the Atlanta industrial market? Who is investing in industrial space? Colliers International recently released its Big-Box Market Report: 2020 Midyear Review and Outlook, which shows that largely …
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CORFAC International Names New CEO, Jonathan Salk
Source: Southeast Real Estate Business DES PLAINES, ILL. — CORFAC International has named Jonathan Salk as CEO of the organization. Salk previously served as executive director. Since joining CORFAC in 2015, he has been responsible for day-to-day operations of the organization …
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US GDP Grows 33.1 Percent in Third Quarter, Beating Expectations
Source: Alex Tostado in District of Columbia, Southeast WASHINGTON, D.C. — The U.S. gross domestic product (GDP) grew 33.1 percent in the third quarter on an annualized basis. Economists surveyed by Dow Jones expected growth to reach 32 percent. The third-quarter growth is …
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Sim Doughtie, President of King Industrial Realty, Presents at 2020 State of Atlanta Conference
2020 State of Atlanta: The New Normal? (Part 2) By Henry J. Wise MAI, CBA, CRE and James Vernor PhD, MAI The State of Atlanta conference was created by the Atlanta Area Chapter of the Appraisal Institute 20 years ago. Its …
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Gap Will Exit Mall Locations by 2024 in Shift to E-Commerce
Source: Connect Commercial Real Estate Gap Inc. plans to phase out its shopping mall presence, closing 350 Gap and Banana Republic mall locations by 2024. The closures, representing 30% of the combined store count for the two brands, are expected …
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King Industrial Publishes Third Quarter Overview and Point of View
King Industrial Realty has released its Overview and Point of View for 3Q20. Download now to read the third quarter industry highlights! Download the Third Quarter Overview Download the Point of View 3Q20
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Vaccine Expectations Create Cold Storage Boom
Source: Globe Street Right now, there are nearly 400 vaccines for Covid-19 in development. When some of those are approved for widespread use, they’ll need to be stored and distributed from temperature-controlled spaces. Companies are already lining up giant cold …
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Core5 Breaks Ground on Spec Distribution Center in Buford, Georgia
Source: CoStar Core5 Industrial Partners has broken ground on a speculative distribution center in Buford, Georgia, it said will be ideally positioned to serve the Atlanta area and greater Southeast region once it’s completed next year. The Atlanta-based industrial owner …
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