Argosy Real Estate Partners, in partnership with Bay Street Capital, closed on the acquisition of 1715 Nolan Court, a 2.5-acre industrial outdoor storage (IOS) property improved with a 6,600-square-foot building located in Morrow, Ga.
The property was acquired off-market and simultaneously leased to a national utility service provider, which will occupy the site under a new long-term lease commencing at closing. The acquisition represents the first investment in the Sunbelt Industrial Portfolio, a strategy targeting IOS and light industrial assets in supply-constrained markets across Texas, Georgia and Florida.
The Sunbelt Industrial Portfolio is a follow-up to the Southeast Industrial Outdoor Storage portfolio acquired by Argosy in partnership with Bay Street Capital.
Argosy’s co-investor and operating partner is Bay Street Capital, an industrial platform founded in 2021 that specializes in value-add IOS and light industrial real estate investments throughout
