{"id":1004137379,"date":"2016-02-18T03:26:47","date_gmt":"2016-02-18T11:26:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004137379"},"modified":"2020-04-30T11:31:02","modified_gmt":"2020-04-30T19:31:02","slug":"gwinnett-316-industrial-park-changes-hands-in-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/","title":{"rendered":"Gwinnett 316 Industrial Park Changes Hands in Atlanta"},"content":{"rendered":"<p><em>By Scott Baltic, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004137388\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004137388\" data-attachment-id=\"1004137388\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/l_7b2b-tmp-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg\" data-orig-size=\"929,701\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"L_7B2B.tmp\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg?w=929\" class=\"wp-image-1004137388 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg\" alt=\"Aerial view of Gwinnett 316 area\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg 929w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg?resize=300,226 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg?resize=768,580 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004137388\" class=\"wp-caption-text\">Aerial view of Gwinnett 316 area<\/p><\/div>\n<p><strong>Atlanta<\/strong>\u2014Gwinnett 316, a 15-building, 2.2-million-square-foot distribution park in Atlanta\u2019s I-85\/Northeast submarket, has been purchased by <a href=\"https:\/\/www.hillwood.com\/\" target=\"_blank\" rel=\"nofollow\">Hillwood<\/a>, a <a href=\"https:\/\/www.perot.com\/\" target=\"_blank\" rel=\"nofollow\">Perot<\/a> company, of Dallas, it was announced Tuesday. Hillwood did not respond to <em>Commercial Property Executive<\/em>\u2019s request for additional information. A 2015 end-of-year report from <a href=\"https:\/\/www.colliers.com\/en-us\" target=\"_blank\" rel=\"nofollow\">Colliers International<\/a>, however, stated that the industrial park sold for $102.6 million, or $44.96 per square foot.<\/p>\n<p>The park is one mile off GA Hwy 316, which provides immediate access to I-85, as well as convenient access to I-285, metro Atlanta\u2019s perimeter highway. It\u2019s part of a 424-acre master-planned development and consists of 15 rear- and front-loading distribution buildings ranging from 70,000 to 200,000 square feet.<\/p>\n<p>The buildings have an average completion year of 1992 and feature an average 24-foot clear height, ESFR sprinkler systems, T-5 lighting, ample parking and low office buildout. Suite sizes range from 4,000 to 200,000 square feet. Hillwood reportedly has already started capital improvements that include enhanced landscaping, parking lot and roof refurbishments, and make-ready improvements of vacant space.<\/p>\n<p>\u201cWe see tremendous growth in this market and with opening our new Atlanta office, this infill portfolio expands the Hillwood footprint to 4.7 million square feet in metro Atlanta,\u201d Todd Parker, senior vice president and Southeast market leader, said in a prepared statement.<\/p>\n<p>\u201cWe don\u2019t see high-quality established industrial parks like Gwinnett 316 come on the market very often, so we worked hard to make this transaction happen,\u201d Tom Fishman, evp of acquisitions and dispositions, said in the same statement.<\/p>\n<p>Atlanta\u2019s industrial market is doing swimmingly, according to the Colliers report, with massive absorption (15.1 million square feet in 2015), a vacancy rate at its lowest point since early 2001 (8.0 percent) and an average rental rate that just hit $4 a square foot ($4.01, to be exact) after rising 9 percent year-over-year.<\/p>\n<p>The Northeast Atlanta submarket saw more than 4 million square feet of absorption on an inventory of 179.1 million square feet, according to Colliers. Three sizable projects are under way there, totaling about 1.56 million square feet, including a large build-to-suit project for Best Buy.<\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hillwood Development Co. paid $102.6 million for a 15-building industrial park in suburban Atlanta.<\/p>\n","protected":false},"author":882,"featured_media":1004137388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21808,21748,21783,21742],"tags":[],"class_list":["post-1004137379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-featured","category-industrial","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gwinnett 316 Industrial Park Changes Hands in Atlanta - 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\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gwinnett 316 Industrial Park Changes Hands in Atlanta\" \/>\n<meta property=\"og:description\" content=\"Hillwood Development Co. paid $102.6 million for a 15-building industrial park in suburban Atlanta.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/\" \/>\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=\"2016-02-18T11:26:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-30T19:31:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"929\" \/>\n\t<meta property=\"og:image:height\" content=\"701\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/\",\"name\":\"Gwinnett 316 Industrial Park Changes Hands in Atlanta - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg\",\"datePublished\":\"2016-02-18T11:26:47+00:00\",\"dateModified\":\"2020-04-30T19:31:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg\",\"width\":929,\"height\":701},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gwinnett 316 Industrial Park Changes Hands in Atlanta\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gwinnett 316 Industrial Park Changes Hands in Atlanta - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/","og_locale":"en_US","og_type":"article","og_title":"Gwinnett 316 Industrial Park Changes Hands in Atlanta","og_description":"Hillwood Development Co. paid $102.6 million for a 15-building industrial park in suburban Atlanta.","og_url":"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-02-18T11:26:47+00:00","article_modified_time":"2020-04-30T19:31:02+00:00","og_image":[{"width":929,"height":701,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/","url":"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/","name":"Gwinnett 316 Industrial Park Changes Hands in Atlanta - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg","datePublished":"2016-02-18T11:26:47+00:00","dateModified":"2020-04-30T19:31:02+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg","width":929,"height":701},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/gwinnett-316-industrial-park-changes-hands-in-atlanta\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Gwinnett 316 Industrial Park Changes Hands in Atlanta"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/L_7B2B.tmp_.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004137379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004137379"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004137379\/revisions"}],"predecessor-version":[{"id":1004429887,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004137379\/revisions\/1004429887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004137388"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004137379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004137379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004137379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}