Dogwood Industrial Properties has sold a three-building light industrial/flex portfolio situated within Gwinnett Park in the Atlanta-area community of Norcross, Ga. The financial terms were not disclosed.
The new owner is PEYKAR Capital.
The portfolio is 76.5 percent leased to a broad range of 15 tenants, including Zenith Education Group, Speed Laboratory and Seikoh Giken. Situated on 13.2 acres at 1750 Beaver Ruin Rd. and 4405 B and C International Blvd., the portfolio’s assets are within the Northeast Industrial submarket, one of Atlanta’s strongest and most active industrial submarkets. This amenitized location has direct accessibility to Interstate 85, one of the city’s most traveled thoroughfares, and the properties are also within established Gwinnett Park, a more than 2.5 million-square-foot business park.
“The acquisition of the Gwinnett Park portfolio represents the continued investor demand for well-located light industrial product in Atlantaâ€
