{"id":1004210261,"date":"2018-03-15T06:43:12","date_gmt":"2018-03-15T14:43:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004210261"},"modified":"2022-12-08T18:28:12","modified_gmt":"2022-12-09T02:28:12","slug":"marcus-millichap-facilitates-sale-of-2-fedex-centers","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-facilitates-sale-of-2-fedex-centers\/","title":{"rendered":"Marcus &amp; Millichap Facilitates Sale of 2 FedEx Centers"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004210263\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/4400-International-Parkway-Atlanta.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004210263\" data-attachment-id=\"1004210263\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-facilitates-sale-of-2-fedex-centers\/4400-international-parkway-atlanta\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/4400-International-Parkway-Atlanta.jpg\" data-orig-size=\"800,620\" 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;1&quot;}\" data-image-title=\"4400 International Parkway, Atlanta\" data-image-description=\"&lt;p&gt;4400 International Parkway, Atlanta&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;4400 International Parkway, Atlanta&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/4400-International-Parkway-Atlanta.jpg?w=800\" class=\"wp-image-1004210263 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/4400-International-Parkway-Atlanta.jpg\" alt=\"4400 International Parkway, Atlanta\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/4400-International-Parkway-Atlanta.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/4400-International-Parkway-Atlanta.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/4400-International-Parkway-Atlanta.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004210263\" class=\"wp-caption-text\">4400 International Parkway, Atlanta<\/p><\/div>\n<p>Marcus &amp; Millichap has brokered the sale of two FedEx Freight centers located in Atlanta and Marcus Hook, Pa. Both transactions amounted to $47.8 million. The Atlanta property, which encompasses 292,000 square feet, sold for $32.3 million, while the 150,000-square-foot Marcus Hook facility\u00a0traded for $15.4 million.<\/p>\n<p>\u201c<em>It is rare to see two industrial assets of this quality hit the market simultaneously,<\/em>\u201d said Todd Harrell, senior associate with Marcus &amp; Millichap\u2019s National Office and Industrial Properties Group. \u201c<em>Offered by their original developer, the properties had not been on the market prior to this sale. Both have strategic <a href=\"https:\/\/www.commercialsearch.com\/news\/downtown-miami-industrial-asset-sells-for-37m\/\">FedEx Freight locations<\/a>, and the Atlanta site is particularly desirable as it is irreplaceable real estate located in the center of a burgeoning industrial market.<\/em>\u201d<\/p>\n<p>The FedEx Atlanta facility is located at 4400 International Parkway on a 50-acre site close to Hartsfield-Jackson Atlanta International Airport. The Marcus Hook property spans 25 acres at 1500 Blueball Ave., eight miles west of Philadelphia International Airport. Both assets were completed in 1997.<\/p>\n<p><em>Image courtesy of Marcus &amp; Millichap<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The industrial assets are located in Atlanta and Marcus Hook, Pa., and changed hands for $32.3 million and $15.4 million respectively. <\/p>\n","protected":false},"author":1064,"featured_media":1004210263,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21748,21742,10,1494],"tags":[33339,34836],"class_list":["post-1004210261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-industrial","category-latest","category-northeast","category-philadelphia","tag-fedex","tag-marcus-millichap"],"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>Marcus &amp; Millichap Facilitates Sale of 2 FedEx Centers - 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\/marcus-millichap-facilitates-sale-of-2-fedex-centers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus &amp; Millichap Facilitates Sale of 2 FedEx Centers\" \/>\n<meta property=\"og:description\" content=\"The industrial assets are located in Atlanta and Marcus Hook, Pa., and changed hands for $32.3 million and $15.4 million respectively.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-facilitates-sale-of-2-fedex-centers\/\" \/>\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=\"2018-03-15T14:43:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:28:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/4400-International-Parkway-Atlanta.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\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\/marcus-millichap-facilitates-sale-of-2-fedex-centers\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-facilitates-sale-of-2-fedex-centers\/\",\"name\":\"Marcus &amp; 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