Westmount Realty Capital has purchased another industrial infill portfolio in Atlanta’s Norcross submarket, Atlanta Plaza 85.
The 191,526-square-foot portfolio consists of nine flex/light industrial buildings, with each building averaging 21,281 square feet.
The Atlanta Plaza 85 portfolio sits northeast of Atlanta’s central business district with direct access to I-85, I-285 and Jimmy Carter Boulevard. Atlanta has remained a strong market throughout the pandemic, with all product types seeing increases and industrial rates rising consistently as available space decreases. With muted construction in the surrounding area due to strict zoning regulations, landlords are seeing lower vacancy rates, allowing them to push rental rates.
“Atlanta’s industrial market had a strong start to the year in 2022, and leasing activity has continued to grow steadily,” said Nick Sands, Westmount’s senior director of industrial acquisitions. “As available spaces becom
