{"id":1004737474,"date":"2024-11-18T06:18:29","date_gmt":"2024-11-18T14:18:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004737474"},"modified":"2024-11-18T06:18:32","modified_gmt":"2024-11-18T14:18:32","slug":"prologis-secures-172-ksf-industrial-lease-in-metro-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prologis-secures-172-ksf-industrial-lease-in-metro-atlanta\/","title":{"rendered":"Prologis Secures 172 KSF Industrial Lease in Metro Atlanta"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Lee-Associates-Acworth.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"409\" height=\"307\" data-attachment-id=\"1004737475\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/prologis-secures-172-ksf-industrial-lease-in-metro-atlanta\/lee-associates-acworth\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Lee-Associates-Acworth.jpg\" data-orig-size=\"409,307\" 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=\"Lee-&#038;-Associates-Acworth\" data-image-description=\"&lt;p&gt;Property at 1347 Highway 92, Acworth, Ga. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Acworth, Ga., facility is one of the eight warehouses that Samaritan\u2019s Purse will utilize for Operation Christmas Child. Image courtesy of Lee &#038; Associates. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Lee-Associates-Acworth.jpg?w=409\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Lee-Associates-Acworth.jpg\" alt=\"Exterior shot of the facility at 1347 Highway 92, Acworth, Ga.\" class=\"wp-image-1004737475\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Lee-Associates-Acworth.jpg 409w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Lee-Associates-Acworth.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 409px) 100vw, 409px\" \/><\/a><figcaption class=\"wp-element-caption\">The Acworth, Ga., facility is one of the eight warehouses that Samaritan\u2019s Purse will utilize for Operation Christmas Child.<em> Image courtesy of Lee &amp; Associates. <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Samaritan\u2019s Purse has signed a lease to occupy the entire 172,000-square-foot warehouse at 1347 Highway 92 in Acworth, Ga. Prologis owns the facility, according to Cherokee County records. Lee &amp; Associates negotiated on behalf of the tenant while the owner had in-house representation.<\/p>\n\n\n\n<p>The nondenominational evangelical Christian organization plans to use the space as a processing center for Operation Christmas Child, a charitable effort involving the shipping of gifts to children worldwide. Including this new space, Samaritan\u2019s Purse will use eight warehouses across the U.S. to process the gifts.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/sior-special-report-qa-with-the-president\/\">SIOR Special Report: Q&amp;A With the President<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Prologis paid $24.6 million for the asset in 2023, acquiring it from Link Logistics, public records show. The 2016-completed building has 32-foot clear heights, 43 dock doors and two drive-in doors, as well as 149 auto parking spaces. It also includes 8,249 square feet of office.<\/p>\n\n\n\n<p>Samaritan\u2019s new warehouse is less than 1 mile from Georgia State Route 92 and Interstate 75, as well as roughly 30 miles northwest of downtown Atlanta and about 41 miles from the Hartsfield-Jackson Atlanta International Airport.<\/p>\n\n\n\n<p>Lee &amp; Associates Partner Brett Chambless, SIOR, represented Samaritan\u2019s Purse. Prologis Senior Vice President Kent Mason led the negotiations on behalf of the owner.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-metro-atlanta-industrial-vacancy-rate-below-historical-average\">Metro Atlanta industrial vacancy rate below historical average<\/h2>\n\n\n\n<p>Atlanta\u2019s industrial vacancy rate grew 50 basis points quarter-over-quarter, to 7.4 percent in September, according to a report by Cushman &amp; Wakefield. Despite the increase, the percentage was still under the 20-year historical average of 7.9 percent. New industrial leasing activity hit 7.3 million square feet in the third quarter, the highest it&#8217;s been since 2022\u2019s fourth quarter.<\/p>\n\n\n\n<p>As <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\">industrial deliveries<\/a> softened\u2014just 4.9 million square feet in the same period, the lowest since 2021\u2019s second quarter\u2014and the 10.1 million-square-foot pipeline registered in September tapered off, metro Atlanta\u2019s vacancy rate is slated to stabilize in 2025, Cushman &amp; Wakefield forecasted.<\/p>\n\n\n\n<p>Last month, Souto Foods agreed <a href=\"https:\/\/www.commercialsearch.com\/news\/foxfield-aew-land-200-ksf-industrial-tenant-in-metro-atlanta\/\">to occupy 200,000 square feet<\/a> at Foxfield and AEW Capital Management\u2019s upcoming 2.2 million-square-foot master-planned industrial development in Lawrenceville, Ga.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A charitable organization will utilize the space to process Christmas gifts for children.<\/p>\n","protected":false},"author":3471,"featured_media":1004737475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21784,21748,21742,32781],"tags":[32762,32956,33187],"class_list":["post-1004737474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-brokerage","category-industrial","category-latest","category-southeast","tag-lee-associates","tag-prologis","tag-sior"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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