{"id":1004133193,"date":"2015-12-07T07:29:15","date_gmt":"2015-12-07T15:29:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004133193"},"modified":"2020-04-28T21:00:07","modified_gmt":"2020-04-29T05:00:07","slug":"stone-mountain-portfolio-commands-135m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stone-mountain-portfolio-commands-135m\/","title":{"rendered":"Stone Mountain Portfolio Commands $135M"},"content":{"rendered":"<p>By Keith Loria, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/KrisMiller.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004133209\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stone-mountain-portfolio-commands-135m\/krismiller\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/KrisMiller.jpg\" data-orig-size=\"600,900\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;16&quot;,&quot;credit&quot;:&quot;Joel Whisenant&quot;,&quot;camera&quot;:&quot;Canon EOS-1DS&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1193184000&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;75&quot;,&quot;iso&quot;:&quot;50&quot;,&quot;shutter_speed&quot;:&quot;0.0125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"KrisMiller\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/KrisMiller.jpg?w=600\" class=\"alignright size-medium wp-image-1004133209\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/KrisMiller.jpg\" alt=\"KrisMiller\" width=\"200\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/KrisMiller.jpg 600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/KrisMiller.jpg?resize=200,300 200w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a>A joint venture between <a href=\"https:\/\/www.ackermanco.com\/\" target=\"_blank\" rel=\"nofollow\">Ackerman &amp; Co.<\/a> and <a href=\"https:\/\/www.investcorp.com\/\" target=\"_blank\" rel=\"nofollow\">Investcorp<\/a> have acquired Stone Mountain Industrial Park, a 4.1-million-square-foot portfolio consisting of 69 buildings in the\u00a0Tucker\/Stone Mountain\u00a0submarket of\u00a0Atlanta, Ga., for $135 million from Pattillo Industrial Real Estate.<\/p>\n<p>The properties were originally developed and master-planned by Pattillo.<\/p>\n<p>\u201cThese legacy properties had never been on the market for sale. When the opportunity presented itself, the time to buy was now,\u201d Kris Miller, Ackerman &amp; Co.\u2019s president, told <em>Commercial Property Executive<\/em>. \u201cWell built, in-town \u2018shallow bay\u2019 industrial product is irreplaceable. Other factors that were appealing included outstanding historical occupancy, broad multi-tenant diversity, and one of Atlanta\u2019s tightest and most centrally located infill industrial submarkets.\u201d<\/p>\n<p>The diverse portfolio of shallow-bay industrial warehouses includes single-and multi-tenant configurations of front, rear and side-load designs ranging from 5,000 to 200,000 square feet.<\/p>\n<p>\u201cAckerman is extremely bullish on industrial product right now and this is some of the best shallow bay industrial in Metro Atlanta,\u201d Miller said. \u201cThe properties have been well maintained by Pattillo; our business plan ensures that we\u2019ll continue to keep them in the best possible condition.\u201d<\/p>\n<p>Stone Mountain Industrial Park is well located and is a convenient uncongested access point to service the entire metro Atlanta region.<\/p>\n<p>With the deal, Ackerman &amp; Co. has now developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7-million-square-feet under management, and maintains an investment portfolio valued at\u00a0$1 billion.<\/p>\n<p>Cushman &amp; Wakefield\u2019s\u00a0Stewart Calhoun,\u00a0David Meline,\u00a0Samir Idris\u00a0and\u00a0Casey Masters\u00a0brokered the sale on behalf of Pattillo.<\/p>\n<p>Brett Buckner, Ackerman &amp; Co.\u2019s senior vice president, will manage the leasing and user-sales at Stone Mountain Industrial Park. Professional and on-site management will be provided by the Ackerman &amp; Co. Property Management division.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A joint venture between Ackerman &#038; Co. and Investcorp has acquired a 4.1 million-square-foot industrial portfolio.<\/p>\n","protected":false},"author":451,"featured_media":1004133212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21748,21742],"tags":[],"class_list":["post-1004133193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-industrial","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Stone Mountain Portfolio Commands $135M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/stone-mountain-portfolio-commands-135m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stone Mountain Portfolio Commands $135M\" \/>\n<meta property=\"og:description\" content=\"A joint venture between Ackerman &amp; Co. and Investcorp has acquired a 4.1 million-square-foot industrial portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stone-mountain-portfolio-commands-135m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-12-07T15:29:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-29T05:00:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/KrisMiller1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"660\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stone-mountain-portfolio-commands-135m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stone-mountain-portfolio-commands-135m\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"Stone Mountain Portfolio Commands $135M\",\"datePublished\":\"2015-12-07T15:29:15+00:00\",\"dateModified\":\"2020-04-29T05:00:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stone-mountain-portfolio-commands-135m\\\/\"},\"wordCount\":306,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stone-mountain-portfolio-commands-135m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/12\\\/KrisMiller1.png\",\"articleSection\":[\"Corporate Real Estate\",\"Industrial\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stone-mountain-portfolio-commands-135m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stone-mountain-portfolio-commands-135m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stone-mountain-portfolio-commands-135m\\\/\",\"name\":\"Stone Mountain Portfolio Commands $135M - 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