Link Logistics, TA Realty Close Atlanta Deal
The property is near Interstate 675 and came online in 2021.
Link Logistics has purchased Clayton Commerce Center II, a 365,490-square-foot distribution facility in Atlanta’s southeast suburb of Ellenwood, Ga., according to Yardi Research Data. TA Realty sold the asset for $44.8 million.
The previous owner acquired it in 2021 from developer Reliant Real Estate Partners for $21.9 million, the same source shows. The facility had been completed that year.
The building has 36-foot clear heights, 66 dock-high loading doors and 235 grade-level parking spots. Expeditors International has been the sole tenant of the distribution facility since its opening.
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Sitting on 24 acres at 2764 Anvil Block Road, Clayton Commerce Center II is near Interstate 675, which connects the facility to downtown Atlanta, 13 miles northwest. Major thoroughfares in the area include U.S. Route 23 and Interstate 285. Hartsfield-Jackson Atlanta International Airport is 10 miles west.
Link Logistics keeps busy
The present acquisition follows a series of industrial sales on Link Logistics’ part. Namely, in June, the company sold the 1 million-square-foot Las Vegas Logistics Center in North Las Vegas, Nev. NorthPoint Development bought the portfolio for $175 million. The deal marked one of the sector’s largest infill industrial transactions of the year. The two companies shook hands again a month later, when NorthPoint acquired Sierra View Business Park, a 712,733-square-foot industrial campus in Roseville, Calif., for $96.3 million.
In July, Link Logistics sold another industrial portfolio comprising three assets, totaling 505,000 square feet. BKM Capital Partners and Kayne Anderson Real Estate paid more than $120 million for the San Francisco Bay Area properties.
Industrial sector keeps steady
In the first two quarters of this year, industrial transactions totaled $27.6 billion, with New Jersey leading nationally with $1.7 billion, followed by Dallas ($1.6 billion) and Chicago ($1.5 billion), according to a Yardi Matrix industrial report. Nationally, assets changed hands at an average of $130 per square foot.
Atlanta’s investment volume reached $600 million during this period, with properties being sold for $159 per square foot on average. The metro’s vacancy rate clocked in at 8.2 percent as of Junet, lower than the 9.0 percent national index.
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