IDI Logistics has offloaded a 395,000-square-foot industrial venture in Lithia Springs, Ga. CenterPoint Properties paid $51.6 million for the single-building facility.
CBRE’s Frank Fallon and George Fallon brokered the sale. The property was fully occupied by a logistics provider at the time of the transaction.
Completed in 2002, the Class A building sits on 34 acres at 2124 Skyview Drive. The facility is close to Interstate 20. Downtown Atlanta is 15 miles away, while the city’s international airport is within 21 miles
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.
Commercial Edge reports that CenterPoint recently purchased a 347,013-square-foot facility in Powder Springs, Ga. The property, located at 4795 Innovative Way, is within the same submarket and was sold in an off-market deal brokered by CBRE.
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