NewStar Asset Management announced the sale of McEver 985 Distribution Center, a 214,479-square-foot, class-A warehouse developed by NewStar and delivered in May 2023. Project specifications include a 32-foot clear height, 34 dock doors with 12 35,000-pound levelers, two drive-in doors, a 185-foot truck court with 30 trailer spaces and 135 car parks. Choate served as the general contractor.
The property is in the Northeast industrial submarket of Atlanta, with convenient access to Interstate 985. In addition to serving Atlanta and the Southeast region, the property sits within a recently developed industrial park featuring projects delivered or underway from Hines, Brookfield, Macquarie and other global industrial investors. The property is 46 miles northeast of downtown Atlanta and five miles south of Gainesville, Ga. The Northeast Atlanta industrial submarket was more than 95 percent leased through first quester 2023.
