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Sign in Sign up for a FREE subscriptionFaropoint acquired two industrial assets in Atlanta
Faropoint has acquired 48-50 Best Friend Road and 1056 Personal Place, two infill light industrial properties located in Atlanta’s premier Northeast and I-85 South/Airport submarkets.
JLL worked on behalf of the seller in the sale to Faropoint.
The assets, totaling 253,545 square feet, are fully occupied by long-standing tenants: MWD Logistics at the Personal Place property and Currey & Co. at the Best Friend Road location.
The 90,012-square-foot Personal Place facility in Morrow, Ga., features a rear-load configuration, 22-foot clear heights and a 100-foot truck court. The larger Best Friend Road property in Doraville, Ga., spanning 163,524 square feet, boasts cross-dock load configuration, 30-foot clear heights, a 120-foot truck court with a 50-foot concrete apron and six rail doors with expansion potential.
Both of the properties are located within densely populated submarkets that are seeing unprecedented demand for light industrial product, as