{"id":1004273120,"date":"2018-10-19T04:47:40","date_gmt":"2018-10-19T12:47:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004273120"},"modified":"2022-12-08T20:19:28","modified_gmt":"2022-12-09T04:19:28","slug":"fully-leased-atlanta-warehouse-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fully-leased-atlanta-warehouse-changes-hands\/","title":{"rendered":"Fully Leased Atlanta Warehouse Changes Hands"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004273123\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/1001-Cherry-Drive.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004273123\" data-attachment-id=\"1004273123\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fully-leased-atlanta-warehouse-changes-hands\/1001-cherry-drive\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/1001-Cherry-Drive.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Jeffrey Hamann&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1539946363&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=\"1001 Cherry Drive\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1001 Cherry Drive&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/1001-Cherry-Drive.jpg?w=800\" class=\"wp-image-1004273123 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/1001-Cherry-Drive.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/1001-Cherry-Drive.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/1001-Cherry-Drive.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/1001-Cherry-Drive.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004273123\" class=\"wp-caption-text\">1001 Cherry Drive<\/p><\/div>\n<p>Mayfield Properties has sold a 455,602-square-foot distribution center northeast of Atlanta to a joint venture between Novaya and Foxfield Real Estate Ventures for $16.3 million. Webster Bank provided $11.7 million in acquisition financing, according to Jackson County records. The loan matures in October 2023.<\/p>\n<p>Located at 1001 Cherry Drive in Braselton, Ga., the warehouse is situated along Interstate 85, within 50 miles of downtown Atlanta. The property is fully leased to two tenants, TranSouth Logistics and Year One.<\/p>\n<p>The facility was constructed in 1985 and expanded to its current size in 1996. The 30.5-acre parcel includes space for future expansion. The asset features 24-foot clear heights, 24,098 square feet of office space and a parking ratio of almost 1.1 per 1,000 square feet.&nbsp;The seller picked up the industrial property from Atlanta Property Group in 2014 for $12.8 million.<\/p>\n<p>Colliers International\u2019s Dennis Mitchell and Matt Wirth represented Mayfield Properties in the transaction. The same team closed on a nine-building <a href=\"https:\/\/www.commercialsearch.com\/news\/atlanta-mixed-use-property-sells-for-21m\/\">mixed-use property in Alpharetta<\/a> in 2017.<\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mayfield Properties sold the distribution center for more than $16 million. The roughly 455,000-square-foot asset last traded in 2014 for $12.8 million.<\/p>\n","protected":false},"author":861,"featured_media":1004273123,"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":[32763,39362,34886],"class_list":["post-1004273120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-industrial","category-investment","category-latest","tag-colliers-international","tag-novaya-real-estate-ventures","tag-webster-bank"],"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>Fully Leased Atlanta Warehouse Changes Hands - 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\/fully-leased-atlanta-warehouse-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fully Leased Atlanta Warehouse Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Mayfield Properties sold the distribution center for more than $16 million. The roughly 455,000-square-foot asset last traded in 2014 for $12.8 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fully-leased-atlanta-warehouse-changes-hands\/\" \/>\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=\"2018-10-19T12:47:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:19:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/1001-Cherry-Drive.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=\"Jeff Hamann\" \/>\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\\\/fully-leased-atlanta-warehouse-changes-hands\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fully-leased-atlanta-warehouse-changes-hands\\\/\"},\"author\":{\"name\":\"Jeff Hamann\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\"},\"headline\":\"Fully Leased Atlanta Warehouse Changes Hands\",\"datePublished\":\"2018-10-19T12:47:40+00:00\",\"dateModified\":\"2022-12-09T04:19:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fully-leased-atlanta-warehouse-changes-hands\\\/\"},\"wordCount\":175,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fully-leased-atlanta-warehouse-changes-hands\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/10\\\/1001-Cherry-Drive.jpg\",\"keywords\":[\"Colliers International\",\"Novaya Real Estate Ventures\",\"Webster Bank\"],\"articleSection\":[\"Atlanta\",\"Deals\",\"Industrial\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fully-leased-atlanta-warehouse-changes-hands\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fully-leased-atlanta-warehouse-changes-hands\\\/\",\"name\":\"Fully Leased Atlanta Warehouse Changes Hands - 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