{"id":1004172698,"date":"2017-04-20T06:48:53","date_gmt":"2017-04-20T14:48:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004172698"},"modified":"2022-12-09T02:38:04","modified_gmt":"2022-12-09T10:38:04","slug":"atlanta-skyview-distribution-center-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/atlanta-skyview-distribution-center-changes-hands\/","title":{"rendered":"Atlanta Skyview Distribution Center Changes Hands"},"content":{"rendered":"<p>By Evelina Croitoru<\/p>\n<div id=\"attachment_1004172708\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Skyview-Distribution-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004172708\" data-attachment-id=\"1004172708\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/atlanta-skyview-distribution-center-changes-hands\/skyview-distribution-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Skyview-Distribution-Center.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" 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=\"Skyview Distribution Center\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Skyview-Distribution-Center.jpg?w=640\" class=\"wp-image-1004172708 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Skyview-Distribution-Center.jpg\" alt=\"Skyview Distribution Center\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Skyview-Distribution-Center.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Skyview-Distribution-Center.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004172708\" class=\"wp-caption-text\">Skyview Distribution Center in Lithia Springs, Ga.<\/p><\/div>\n<p>Formerly known as Amstar Advisers, real estate private equity company Ascentris recently closed the sale of\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/amstar-to-bring-skyview-distribution-center-to-life-2\/\">Skyview Distribution Center<\/a> in Atlanta. The 225,000-square-foot light industrial building in Lithia Springs, Ga., was developed in conjunction with Huntington Industrial Partners. Ascentris closed the sale on behalf of one of its public retirement system clients.<\/p>\n<p>Located at 2601 Skyview Drive, the state-of-the-art facility features front-loading configuration with 32-foot clear height, trailer parking area, ESFR (Early Suppression, Fast Response) ceiling mounted fire sprinkler system and 120 parking stalls. The facility started as a speculative development following the acquisition of the land parcel in 2014. Shortly after completion in August 2016, Z-Gallerie executed a lease for the entire building. The site is 4 miles away from the Norfolk Southern intermodal yard and 16 miles from the Hartsfield-Jackson International Airport.<\/p>\n<div id=\"attachment_1004172709\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Skyview-Distribution-Center-1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004172709\" data-attachment-id=\"1004172709\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/atlanta-skyview-distribution-center-changes-hands\/skyview-distribution-center-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Skyview-Distribution-Center-1.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" 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=\"Skyview Distribution Center 1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Skyview-Distribution-Center-1.jpg?w=640\" class=\"wp-image-1004172709 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Skyview-Distribution-Center-1.jpg\" alt=\"Skyview Distribution Center \" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Skyview-Distribution-Center-1.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Skyview-Distribution-Center-1.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004172709\" class=\"wp-caption-text\">Skyview Distribution Center in Lithia Springs, Ga.<\/p><\/div>\n<p>\u201c<em>The partnership made the decision to develop Skyview when it realized that the Atlanta industrial market had entered the recovery stage of its cycle. In 2014, new development of Class A industrial space was extremely limited and rental rates were just beginning to increase for the first time since the recession<\/em>,\u201d Ascentris Managing Director Tricia Noble said in prepared remarks.<\/p>\n<p>CBRE\u2019s Todd Barton leased the property, while Chris Riley and Frank Fallon of CBRE\u2019s Institutional Properties team brokered the sale.<\/p>\n<p><em>Images courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 225,000-square-foot light industrial building was developed by the formerly known Amstar Advisers, alongside Huntington Industrial Partners.<\/p>\n","protected":false},"author":1055,"featured_media":1004172708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21748,21742],"tags":[34987,32789,34989,34988],"class_list":["post-1004172698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-industrial","category-latest","tag-ascentris","tag-cbre","tag-huntington-industrial-partners","tag-skyview-distribution-center"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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