King Industrial Realty adds yet another one of our agents, Brian Bratton, to membership status in the Society of Industrial and Office Realtors (SIOR)! Brian is one of the youngest agents to ever earn the prestigious SIOR designation, and he becomes the tenth (10th) agent from King Industrial Realty to receive this coveted honor. King Industrial Realty continues to have the most Industrial Agents in the Atlanta Industrial Market that hold the SIOR designation. 

SIOR is the leading commercial real estate association, representing the world’s top producing brokers. Known worldwide, SIOR has over 3,300 representatives from 36 different countries and offers a professional designation to commercial brokers and other industry professionals, (SIOR).

Our Vice President, Neal Shiver, was recognized for his dedication and involvement in the Georgia CCIM Chapter Mentorship Program. “This program will assist those who are new to commercial real estate, and establish relationships with seasoned professionals. Through this program, we also invest in our future, expose the chapter to a broad variety of qualified members.” – CCIM Georgia Chapter Great job Neal!

Brad Bays, SIOR of King Industrial Realty on February 19, 2021 was awarded the 2020 Sausage Maker’s Award for the most outstanding transaction of 2020 for King Industrial Realty.

Brad was presented the Sausage Maker’s Award at a ceremony held at the Live at the Battery Atlanta venue, and he becomes the eighth King Broker to win the coveted award.   

To qualify for the award, a King Broker must consummate a transaction that reflects his professionalism in representing his client ethically and with creativity, tenaciousness, and persistence.

Brad was innovative and used his initiative to overcome all obstacles and created a winning situation for his client.

Congratulations to Brad Bays for a well-deserved honor!

Past recipients of the Sausage Maker award were:

• Randall Bryan, 2019

• Steve Ratchford, 2018

• Jason McCart, 2017

• Wilson Covington, 2016

• Bill Johnston, 2015

• Sim Doughtie, 2014

• Bill Johnston, 2013

King Industrial Sales Associate Marco Rodriguez, and our President, Sim Doughtie sold 3 buildings totaling 18,538+/- SF at 2450 Candler Road in Gainesville, Georgia.

“We are really pleased with the work that Marco and King Industrial Realty did selling our 9.8 acre, three building industrial property in Gainesville. We had previously listed it with another, more established local firm in the area who was unable to find us a buyer. Marco was able to get us multiple offers and helped us select the best one. From contract signing, through due diligence and to the closing, he was there to guide us and help along the way. If I ever need to sell again, I know who to call.”

Joe & Ana R. – Owners

For more information please contact Marco Rodriguez at mrodriguez@kingindustrial.com or Sim Doughtie at sdoughtie@kingindustrial.com.

Congratulations to our Senior Vice President, Wilson Covington, Vice President Randall Bryan, and our Vice President, Brad Bays, for being recognized as “Q4 CoStar Awards Quarterly Deals” Winners!

Wilson Covington and Randall Bryan were awarded for their lease of 342,217 SF at 767 Douglas Hill Road in Lithia Springs; the Top Industrial Leasing Deal of the Quarter in the Atlanta Market by CoStar Power Broker!

Brad Bays was also awarded for his lease of 301,900 SF at 4091 Southmeadow Parkway West in College Park; another Top Industrial Leasing Deal of the Quarter in the Atlanta Market by CoStar Power Broker!

For more information, please contact Wilson Covington at wcovington@kingindustrial.com, Randall Bryan at rbryan@kingindustrial.com or Brad Bays at bbays@kingindustrial.com.

King Industrial Realty has released its Overview and Point of View for 4Q20. Download now to read the fourth quarter industry highlights!

Download the Fourth Quarter Overview

Download the Point of View 4Q2020

By Douglas Sams  –  Commercial Real Estate Editor, Atlanta Business Chronicle

Atlanta is the most favorable market for commercial development in the country, boosted by low costs and a strong university system, according to a new report from real estate services company CBRE Group Inc. (NYSE: CBRE).

Atlanta ranks in the top 10 for total space under construction in office, industrial and retail, and the universities contribute to highly educated workforce, CBRE said.

Read the full article from Atlanta Business Chronicle here

Source: Connect Media

Swedish private equity firm EQT has agreed to acquire Exeter Property Group for approximately US$1.9 billion. The combination with Conshohocken, PA-based Exeter will create “a scaled, global real estate investment platform, adding one of the largest and well performing value-add real estate investment managers in the world to EQT’s successful platform,” EQT said Tuesday.

“EQT is a fantastic strategic and cultural fit for our business,” said Ward Fitzgerald, Exeter’s CEO and founder. “For our day-to-day activities, it will be business as usual. We will continue to be fully focused on driving returns by utilizing our unique local execution of small and mid-cap acquisitions, adhering to our real estate solutions ethic to our over 1,200 corporate client/tenants and directly performing our own leasing, property management and development.
 
Founded in 2006, Exeter focuses on acquiring, developing and managing logistics/industrial, life science/office and residential properties mainly across the U.S. and Europe. 

Read the full article

Source: Connect Media

International real estate firm Hines has broken ground on Busch Logistics Park, a 97-acre industrial project spanning two buildings and nearly 732,000 square feet in Bartow County. The project is Hines’ first Atlanta-area logistics property.

Hines will develop two speculative industrial facilities at Busch Logistics Park. Building A will span 523,541 square feet and feature cross-dock configuration as well as 36-foot clear heights. Building B will span 207,989 square feet and feature rear load configuration and 32-foot clear heights. Both buildings will deliver in Q3 2021. The project is located off I-75 and Cass White Road.

Bob Currie and Reed Davis have been tapped to handle marketing and leasing efforts for the site. More than 100 tenants are currently surveying the Atlanta industrial market, and 4.3 million square feet of new deals are expected to close before the year’s end, according to JLL’s Q3 Industrial Insight.

Read the full article

Source: REBusiness Online

The U.S. economy’s exit from the COVID-19 pandemic will mirror the flight path of a butterfly, according to economist Dr. Peter Linneman. In other words, it will move forward but also up, down and sideways — quite erratic and not terribly fast.

Linneman’s comments came during a “Walker Webcast” hosted by Walker & Dunlop CEO Willy Walker on Wednesday, Jan. 6.

The butterfly stage will continue until enough people get vaccinated where Americans feel safe resuming pre-pandemic activities, argued Linneman. Once that occurs, we’ll enter the flight path of a more steady “migratory bird.” Linneman’s best guess for that timeline is June or July of this year.

In order to gauge the economy’s progress, it’s best to monitor GDP growth and employment, not corporate profits or the stock market, said Linneman.

In Linneman’s view, 15 percent of businesses and citizens are “really struggling” and will need continued relief and roughly six more months to get their footing. A stimulus focused on that 15 percent segment — including hotel, airline and restaurant workers — is needed, according to Linneman.

“It’s not about spending; it’s about targeting,” he said.

If the U.S. government can effectively target that 15 percent with stimulus relief, then the result will be “productive spending.”

Read the full article