PNK Group, an international real estate developer, has sold new, class A, 425,660-square-foot, single-tenant distribution building in Atlanta.
The sales price was not disclosed; however, the buyer was KKR’s Americas core-plus real estate strategy.
Completed in 2021, the cross-dock building features a 36-foot clear height, LED lighting, ESFR fire protection, 50 loading positions, 97 trailer parking stalls and low office finish. The building is within a new 260-acre master-planned industrial park, which features a full slate of best-in-class amenities, including landscaped walking and biking trails; electric-car charging stations; food-truck courts with seating areas; modern building designs; and two points to access Interstate 75.
The asset is located within the McDonough industrial micromarket, a desirable location in the larger I-75 South submarket. This location provides easy access to Atlanta’s five major thoroughfares, allowing the tenant to reach more t
