{"id":1004498890,"date":"2020-12-11T05:49:41","date_gmt":"2020-12-11T13:49:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004498890"},"modified":"2020-12-11T05:49:41","modified_gmt":"2020-12-11T13:49:41","slug":"atlanta-industrial-park-sells-for-39m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/atlanta-industrial-park-sells-for-39m\/","title":{"rendered":"Atlanta Industrial Park Sells for $39M"},"content":{"rendered":"
\"\"<\/a>

120 Interstate Northwest<\/p><\/div>\n

Albany Road Real Estate has acquired a four-building, light industrial business park in Atlanta. JLL represented the seller, a joint venture including The Ardent Cos., Taconic Capital Advisors and Axonic Capital. The 281,677-square-foot asset traded for $38.5 million. According to Cobb County records, Delta Community Credit Union originated a $29.4 million loan for the buyer.<\/p>\n

The park, which  has undergone a capital improvement plan since 2016, features 14 to 18-foot clear heights, 34 dock-high doors and 39 grade-level roll ups. The campus includes 43 suites with an average size of 6,545 square feet. The property is 87 percent leased to 36 tenants.<\/p>\n

Located at 120 Interstate Northwest on 22.7 acres, the property is in the Cumberland Galleria submarket. The asset is 2 miles from the junction of interstates 75 and 285, and 13 miles from downtown Atlanta.<\/p>\n

The JLL brokerage team included Dennis Mitchell, Matt Wirth, Britton Burdette and Crosby Taylor. In October, the same team represented the seller of Plaza 85 Business Park, a nine-building asset<\/a> in Norcross, Ga.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL represented the seller, a joint venture\u00a0including The Ardent Cos., Taconic Capital Advisors and Axonic Capital.<\/p>\n","protected":false},"author":868,"featured_media":1004498944,"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":[35194,34283,32796,37854],"class_list":["post-1004498890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-industrial","category-investment","category-latest","tag-albany-road-real-estate-partners","tag-ardent","tag-jll","tag-taconic-capital-advisors"],"acf":[],"yoast_head":"\nAtlanta Industrial Park Sells for $39M - 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\/atlanta-industrial-park-sells-for-39m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlanta Industrial Park Sells for $39M\" \/>\n<meta property=\"og:description\" content=\"JLL represented the seller, a joint venture\u00a0including The Ardent Cos., Taconic Capital Advisors and Axonic Capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/atlanta-industrial-park-sells-for-39m\/\" \/>\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=\"2020-12-11T13:49:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/120-Interstate-Northwest-e1607693742925.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\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\/atlanta-industrial-park-sells-for-39m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/atlanta-industrial-park-sells-for-39m\/\",\"name\":\"Atlanta Industrial Park Sells for $39M - 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