{"id":1004261678,"date":"2018-09-04T06:24:29","date_gmt":"2018-09-04T14:24:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004261678"},"modified":"2022-12-08T17:25:25","modified_gmt":"2022-12-09T01:25:25","slug":"ackerman-co-acquires-4-building-industrial-portfolio-in-ga","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ackerman-co-acquires-4-building-industrial-portfolio-in-ga\/","title":{"rendered":"Ackerman &amp; Co. Acquires 4-Building Industrial Portfolio in GA"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004261681\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/6332-Warren.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004261681\" data-attachment-id=\"1004261681\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ackerman-co-acquires-4-building-industrial-portfolio-in-ga\/6332-warren\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/6332-Warren.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=\"6332 Warren\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;6332 Warren&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/6332-Warren.jpg?w=800\" class=\"wp-image-1004261681 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/6332-Warren.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/6332-Warren.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/6332-Warren.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/6332-Warren.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004261681\" class=\"wp-caption-text\">6332 Warren<\/p><\/div>\n<p>Ackerman &amp; Co. has acquired a four-building industrial portfolio in Norcross, Ga., for $9.8 million.&nbsp;<\/p>\n<p>The portfolio comprises 166,481 square feet of industrial space located at 6332, 6424, 6452 and 6454 Warren Drive, in the Northeast industrial submarket. The facilities were 92 percent leased at the time of sale to 12 tenants including CompuPoint USA, Transit U.S.A., South Pak and Clopay Building Products Co. The buildings recently underwent capital improvements by the previous owner, which included new roofing and canopies, repaved parking lots, T-5 lighting and updated landscaping.&nbsp;<\/p>\n<p>Colliers International represented the seller in the deal. Ackerman &amp; Co.&#8217;s Senior Vice President Frank Farrell will lead the leasing efforts for the assets.&nbsp;<\/p>\n<p><em>\u201cThis was a great opportunity to purchase strategically located, shallow-bay industrial buildings in Atlanta\u2019s premier industrial submarket at below replacement cost,\u201d<\/em> said Kris Miller, president of Ackerman &amp; Co., in a prepared statement.&nbsp;<em>\u201cWell-occupied, infill opportunities like this are increasingly rare in the Atlanta market, and there was heavy competition for these assets among regional and national buyers, including institutional investors.\u201d<\/em><\/p>\n<p>In March, Ackerman &amp; Co. announced <a href=\"https:\/\/www.commercialsearch.com\/news\/ackerman-to-kick-off-atlanta-area-industrial-park\/\">plans to develop Rockdale Technology Center in Conyers, Ga<\/a>. The project will be a three-building, Class A industrial complex, scheduled for completion by early 2019.&nbsp;<\/p>\n<p><em>Image courtesy of Ackerman &amp; Co.&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The properties, which sold for $9.8 million, are all located on Warren Drive within the Northeast industrial market. Colliers International represented the seller in the transaction. <\/p>\n","protected":false},"author":746,"featured_media":1004261681,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21748,21783,21742],"tags":[34655,32763],"class_list":["post-1004261678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-industrial","category-investment","category-latest","tag-ackerman-company","tag-colliers-international"],"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>Ackerman &amp; Co. 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Colliers International represented the seller in the transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ackerman-co-acquires-4-building-industrial-portfolio-in-ga\/\" \/>\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=\"2018-09-04T14:24:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:25:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/6332-Warren.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=\"IvyLee Rosario\" \/>\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\/ackerman-co-acquires-4-building-industrial-portfolio-in-ga\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ackerman-co-acquires-4-building-industrial-portfolio-in-ga\/\",\"name\":\"Ackerman &amp; Co. 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She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ackerman &amp; Co. Acquires 4-Building Industrial Portfolio in GA - 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\/ackerman-co-acquires-4-building-industrial-portfolio-in-ga\/","og_locale":"en_US","og_type":"article","og_title":"Ackerman &amp; Co. 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