{"id":1004772519,"date":"2025-09-24T03:41:43","date_gmt":"2025-09-24T11:41:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004772519"},"modified":"2025-09-25T23:32:25","modified_gmt":"2025-09-26T07:32:25","slug":"centerpoint-drops-52m-for-atlanta-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/centerpoint-drops-52m-for-atlanta-facility\/","title":{"rendered":"CenterPoint Drops $52M for Atlanta Facility"},"content":{"rendered":"<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\/2025\/09\/2124-Skyview-Drive-Ga-e1758711952980.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004772532\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-drops-52m-for-atlanta-facility\/2124-skyview-drive-ga\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/2124-Skyview-Drive-Ga-e1758711952980.jpg\" data-orig-size=\"640,480\" 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;\\u00a9 Yardi Systems, Inc.&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=\"2124_Skyview_Drive_Ga\" data-image-description=\"&lt;p&gt;Image sourced from Yardi Matrix&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Class A property came online in 2002 and features 32-floot clear heights. Image courtesy of Yardi Research Data&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/2124-Skyview-Drive-Ga-e1758711952980.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/2124-Skyview-Drive-Ga-e1758711952980.jpg\" alt=\"Exterior shot of the industrial property at 2124 Skyview Drive in Lithia Springs, Ga.\" class=\"wp-image-1004772532\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/2124-Skyview-Drive-Ga-e1758711952980.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/2124-Skyview-Drive-Ga-e1758711952980.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">The Class A property came online in 2002 and features 32-floot clear heights. <em>Image courtesy of Yardi Research Data<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>CenterPoint Properties has purchased a 395,750-square-foot industrial asset in Lithia Springs, Ga., marking its second investment in metro Atlanta since the start of the year. IDI Logistics sold the facility in the Austell submarket for $51.6 million, Douglas County public records show.<\/p>\n\n\n\n<p>CBRE Vice Chairman Frank Fallon and Vice President George Fallon brokered the sale. The property was fully occupied by GXO Logistics at the time of the transaction.<\/p>\n\n\n\n<p>Completed in 2002, the Class A building sits on 34 acres at 2124 Skyview Drive. The facility is close to Interstate 20.&nbsp;Downtown Atlanta is 15 miles away, while the city\u2019s international airport is within 21 miles.<\/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\/atlantas-industrial-market-shows-strong-pricing-as-pipeline-doubles\/\">Atlanta\u2019s Industrial Market Shows Strong Pricing<\/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>The building features 32-foot clear heights, 47 dock doors with room to add 31 and three drive-in doors. Additionally, the property has 243 vehicle parking spaces, expandable to 274, and 53 trailer parking spots.<\/p>\n\n\n\n<p>In May, CenterPoint ventured into the metro by purchasing a 347,013-square-foot facility in Powder Springs, Ga. The property is at 4795 Innovative Way, within the same submarket, and was sold in an off-market deal brokered by CBRE.<\/p>\n\n\n\n<p>CenterPoint&#8217;s eastern portfolio currently includes 91 properties totaling approximately 19 million square feet across New York, New Jersey, Lehigh Valley, Pa., Charleston, S.C., South Florida and Savannah, Ga.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-atlanta-s-industrial-sector-attracts-investors\">Atlanta&#8217;s industrial sector attracts investors<\/h2>\n\n\n\n<p>Atlanta&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-transactions\/\">industrial investment volume<\/a> reached $600 million this year as of June, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-report-vacancy-climbs-development-holds-and-pricing-adjusts\/\">Yardi Matrix industrial report<\/a>. Properties changed ownership at an average sale price of $159 per square foot\u2014higher when compared to the national average of $130 per square foot and on par with Boston prices. The metro&#8217;s vacancy rate is also performing relatively well, clocking in at 8.2 percent, lower than the 9.0 percent national figure.<\/p>\n\n\n\n<p>Earlier this month, <a href=\"https:\/\/www.commercialsearch.com\/news\/link-logistics-ta-realty-trade-atlanta-facility\/\">Link Logistics picked up<\/a> a 365,490-square-foot distribution center in Ellenwood, Ga., in a $44.8 million deal. The property, Clayton Commerce Center II, changed ownership from TA Realty and has been occupied by a single tenant since its opening.<\/p>\n\n\n\n<p>Another recent deal in the metro is <a href=\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-picks-up-1-6-msf-atlanta-area-portfolio\/\">Bridge Logistics Properties&#8217; acquisition<\/a> of a 1.6 million-square-foot industrial portfolio in McDonough, Ga. The company expanded its national industrial footprint to 16.3 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Class A property is fully occupied.<\/p>\n","protected":false},"author":2991,"featured_media":1004772532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21748,21783,21742,32781],"tags":[32789,36217,40218],"class_list":["post-1004772519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-industrial","category-investment","category-latest","category-southeast","tag-cbre","tag-centerpoint-properties","tag-idi-logistics"],"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>CenterPoint Drops $52M for Atlanta Facility - 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