{"id":1004370248,"date":"2019-11-21T08:26:50","date_gmt":"2019-11-21T16:26:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004370248"},"modified":"2019-11-21T08:26:50","modified_gmt":"2019-11-21T16:26:50","slug":"tpg-pays-71m-for-18-building-asset-near-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tpg-pays-71m-for-18-building-asset-near-atlanta\/","title":{"rendered":"TPG Pays $71M for 18-Building Asset Near Atlanta"},"content":{"rendered":"
\"Gwinnett<\/a>

Gwinnett Park. Image via Google Street View<\/em><\/p><\/div>\n

Sperry Equities has sold Gwinnett Park, an 18-building, 981,720-square-foot flex industrial property in Norcross, Ga. TPG Real Estate Partners acquired the Atlanta-area asset for $71.3 million through Dogwood Industrial Properties, its industrial platform. JLL negotiated the deal on behalf of the seller.<\/p>\n

Gwinnett Park occupies more than 70 acres east of the intersection of Beaver Ruin Road and International Boulevard NW in the Northeast industrial submarket. Located approximately 22 miles northeast of downtown Atlanta, the property is close to Interstate 85, one of the area\u2019s major thoroughfares.<\/p>\n

Developed between 1973 and 1997, the industrial park\u2019s buildings feature 18- to 22-foot clear heights, both grade-level and dock-high doors and abundant parking. The property is currently about 87 percent leased to more than 55 tenants.<\/p>\n

JLL Senior Managing Director Dennis Mitchell, together with Managing Directors Matt Wirth and Britton Burdette, led the Capital Markets team representing the seller in the deal.<\/p>\n

In May, another Norcross industrial asset changed hands. Hillwood acquired a 100,000-square-foot distribution warehouse<\/a> located roughly 4 miles northeast of Gwinnett Park.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 981,720-square-foot flex industrial park is near Interstate 85 in the Northeast industrial submarket.<\/p>\n","protected":false},"author":870,"featured_media":1004370263,"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":[32796,47927,44627],"class_list":["post-1004370248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-industrial","category-investment","category-latest","tag-jll","tag-sperry-equities","tag-tpg-real-estate-partners"],"acf":[],"yoast_head":"\nTPG Pays $71M for 18-Building Asset Near 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\/tpg-pays-71m-for-18-building-asset-near-atlanta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TPG Pays $71M for 18-Building Asset Near Atlanta\" \/>\n<meta property=\"og:description\" content=\"The 981,720-square-foot flex industrial park is near Interstate 85 in the Northeast industrial submarket.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tpg-pays-71m-for-18-building-asset-near-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=\"2019-11-21T16:26:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gwinnett-Park-e1574341188915.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1081\" \/>\n\t<meta property=\"og:image:height\" content=\"810\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\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\/tpg-pays-71m-for-18-building-asset-near-atlanta\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/tpg-pays-71m-for-18-building-asset-near-atlanta\/\",\"name\":\"TPG Pays $71M for 18-Building Asset Near Atlanta - 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