Black Salmon acquired the Camp Creek Commerce Center, a newly constructed 220,000 square foot distribution facility located at 5001 North Commerce Drive in East Point, Georgia. The price for the center was $41 million. Crow Holdings was the seller.
The company inked a $30.1 million acquisition loan, a floating-rate, five-year loan through Prime Finance as part of the deal.
The Class-A distribution center was completed in 2024 and features 32-foot clear heights, 310-foot building depth and concrete tilt-wall construction optimized for logistics operations.
The property is currently 68% occupied by Grady Health System. Grady operates a 46,894-square-foot pharmaceutical facility within the space.
Located just 0.6 miles from Interstate 285 and 2.0 miles from Interstate 85, the property offers direct connectivity to Hartsfield-Jackson International Airport within 4.5 miles.
The JLL Capital Markets, which arranged the financing, was led by Melissa Rose, Bobby Norwood, Connor McCarthy and Streeter Simmons.
The post Black Salmon Pays $41M for East Point Distribution Center appeared first on Connect CRE.
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