Rooker, a full-service real estate development, design and construction management firm, has sold a two-property industrial portfolio totaling 367,820 square feet of last-mile distribution and production space in infill Atlanta and Jacksonville, Fla., markets.
Principal Real Estate Investors acquired the assets for $49 million.
The institutional-quality portfolio comprises the 212,000-square-foot facility at 2650 Button Gwinnett Drive in Doraville, Ga., and the 155,820-square-foot facility at 4345 Perimeter Industrial Parkway North in Jacksonville. Constructed in 1987, 2650 Button Gwinnett Drive is fully leased to UPS and EPI Breads and features a rear-load configuration, 28-foot clear height, 35 dock-high doors, ESFR fire protection, modern office space and ample parking. The property is in the northeast part of Atlanta’s sprawling MSA and is proximate to key thoroughfares, including Interstates 285, 85, 20, 675 and 75, allowing the tenants access to 1.89 million
