A joint venture between Hardie Real Estate Group and Palatine Capital Partners has sold Atlanta Last-Mile Center, a recently renovated, 205,541-square-foot, fully leased, last-mile industrial facility in a highly sought-after location adjacent to Hartsfield-Jackson International Airport in Atlanta.
KKR paid $21.7 million for the asset.
Atlanta Last-Mile Center is situated on nearly 30 acres at 2750 Sullivan Road in Georgia’s Industrial Airport submarket. The property has frontage along Interstates 285 and 75/85, Atlanta’s primary and most-traveled interstates. Adjacent to Hartsfield-Jackson International Airport, the property provides easy access to the world’s most traveled airport, and a CSX rail spur is across the street.
Atlanta Last-Mile Center is fully leased to two tenants, one of which is the world’s largest ecommerce company, which uses the facility as a critical, last-mile delivery station to better facilitate one-day delivery. In 2016, the fac
