{"id":1004420245,"date":"2020-04-20T04:33:14","date_gmt":"2020-04-20T12:33:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004420245"},"modified":"2020-04-20T04:33:14","modified_gmt":"2020-04-20T12:33:14","slug":"144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/","title":{"rendered":"144 KSF Industrial Sale-Leaseback Closes in Metro Atlanta"},"content":{"rendered":"<div id=\"attachment_1004420248\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004420248\" data-attachment-id=\"1004420248\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/2579-monroe-drive-image-via-google-street-view\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.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;0&quot;}\" data-image-title=\"2579 Monroe Drive. Image via Google Street View\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg?w=800\" class=\"wp-image-1004420248 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004420248\" class=\"wp-caption-text\">2579 Monroe Drive. <em>Image via Google Street View<\/em><\/p><\/div>\n<p>Broadstone Net Lease Inc. expanded its holdings with the acquisition of the 144,200-square-foot industrial property at 2579 Monroe Drive in Gainesville, Ga. Acting through Broadstone CG Georgia LLC, a related entity, Broadstone purchased the asset in a sale-leaseback transaction with Bettcher Industries Inc. and its subsidiary Cantrell-Gainco, a manufacturer of meat and poultry processing equipment.<\/p>\n<p>Sited on an approximately 10-acre parcel, 2579 Monroe first opened its doors in 1999 and underwent a substantial renovation in 2005. Per terms of the sale-leaseback agreement, Broadstone will implement a renovation-to-suit on behalf of the newly merged Cantrell-Gainco, which will bring several operations together at the distribution warehouse. The seller relied on Newmark Knight Frank&#8217;s Andrew Sandquist, JC Asensio, Briggs Goldberg, Dave Watson and Charlie Adams for representation in the transaction.<\/p>\n<hr>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/under-the-radar-small-bay-warehouse-space-surges\/\">Under the Radar, Small-Bay Warehouse Space Surges<\/a><\/p>\n<hr>\n<p>With the purchase of 2579 Monroe, Broadstone increases its industrial presence in the Peachtree State to five properties totaling nearly 900,000 square feet and gains a foothold in a bustling submarket that is on the rise. Located roughly 50 miles north of Atlanta, Gainesville sits within the Northeast\/I-85 Corridor, which is on track for greater success with Georgia Ports Authority&#8217;s planned development of the Northeast Georgia Inland Port on a 104-acre site in Gainesville.<\/p>\n<p>The Northeast\/I-85 Corridor recorded positive net absorption totaling approximately 438,000 square feet in the first quarter of 2020, marking the highest level of absorption of any of the Greater Atlanta area&#8217;s 11 submarkets, according to a report by NKF. Looking ahead, metropolitan Atlanta may be equipped to weather the impact of COVID-19. <em>&#8220;Leasing activity slowed slightly in March but is expected to pick back up again as e-commerce and online consumer demand drives leasing real estate,&#8221;<\/em> according to the NKF report. <em>&#8220;Fundamentals overall are likely to remain steady.&#8221;<\/em><\/p>\n<p>The 2579 Monroe transaction comes on the heels of Broadstone&#8217;s largest acquisition ever. In September 2019, the REIT bought a 6.9 million-square-foot portfolio of industrial office and flex assets located in 14 U.S. states and British Columbia, Canada, in a <a href=\"https:\/\/www.commercialsearch.com\/news\/broadstone-net-lease-buys-736m-industrial-portfolio\/\">$735.7 million transaction<\/a>.<\/p>\n<h2><strong>Off to a Robust Start<\/strong><\/h2>\n<p>The first quarter of 2020 saw its share of industrial sale-leaseback transactions, as industrial users chose to forsake real estate ownership for an infusion of capital and a net-lease agreement. The long list of deals included Whirlpool&#8217;s disposition of a 3.1 million-square-foot portfolio of five U.S. industrial assets and two office sites in Italy for $178.9 million. Jacmar Foodservice Distribution sold its approximately 230,200-square-foot Los Angeles-area warehouse at 300 N. Baldwin Park Blvd. in the City of Industry to <a href=\"https:\/\/www.commercialsearch.com\/news\/los-angeles-industrial-asset-sells-for-61m\/\">BentallGreenOak for $61 million<\/a>.<\/p>\n<p>The second quarter of 2020 is proving to be another lively period for industrial sale-leaseback deals, large and small. Most notably, Big Lots Inc. entered into a <a href=\"https:\/\/www.commercialsearch.com\/news\/big-lots-inks-725m-industrial-sale-leaseback-deal\/\">$725 million agreement<\/a> to sell four U.S. distribution centers totaling 7.5 million square feet to Oak Street Real Estate Capital LLC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Broadstone Net Lease Inc. acquired a distribution warehouse in Gainesville, Ga., from a food processing equipment manufacturer. <\/p>\n","protected":false},"author":969,"featured_media":1004420248,"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":[46868,42485],"class_list":["post-1004420245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-industrial","category-investment","category-latest","tag-broadstone-net-lease","tag-nkf"],"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>144 KSF Industrial Sale-Leaseback Closes in Metro 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\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"144 KSF Industrial Sale-Leaseback Closes in Metro Atlanta\" \/>\n<meta property=\"og:description\" content=\"Broadstone Net Lease Inc. acquired a distribution warehouse in Gainesville, Ga., from a food processing equipment manufacturer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-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=\"2020-04-20T12:33:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.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=\"Barbra Murray\" \/>\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\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/\",\"name\":\"144 KSF Industrial Sale-Leaseback Closes in Metro Atlanta - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg\",\"datePublished\":\"2020-04-20T12:33:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"144 KSF Industrial Sale-Leaseback Closes in Metro Atlanta\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"144 KSF Industrial Sale-Leaseback Closes in Metro Atlanta - 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\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/","og_locale":"en_US","og_type":"article","og_title":"144 KSF Industrial Sale-Leaseback Closes in Metro Atlanta","og_description":"Broadstone Net Lease Inc. acquired a distribution warehouse in Gainesville, Ga., from a food processing equipment manufacturer.","og_url":"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-04-20T12:33:14+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/","url":"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/","name":"144 KSF Industrial Sale-Leaseback Closes in Metro Atlanta - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg","datePublished":"2020-04-20T12:33:14+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg","width":800,"height":620},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/144-ksf-industrial-sale-leaseback-closes-in-metro-atlanta\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"144 KSF Industrial Sale-Leaseback Closes in Metro Atlanta"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/2579-Monroe-Drive.-Image-via-Google-Street-View.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004420245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004420245"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004420245\/revisions"}],"predecessor-version":[{"id":1004420251,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004420245\/revisions\/1004420251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004420248"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004420245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004420245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004420245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}