Best in Atlanta Real Estate Awards 2021: Winners and finalists
Atlanta Business Chronicle sets aside one edition every year to highlight the real estate deals and developments that boost the economy, add to the skyline, connect neighborhoods and bring prestige to the city.
FINALIST: Walmart Inc.
Walmart completed one of the year’s largest leases with a new distribution center in Jefferson.
The new project at Valentine 85 Logistics Center involved leasing just over 1 million square feet and added to the 156 distribution centers Walmart operates throughout the U.S.
Why it matters: Walmart is accelerating its digital transformation, a process that will bolster its distribution network. As more customers shop digitally, the company said it will expand its e-commerce fulfillment operations. It launched Walmart+, a new membership program featuring perks such as unlimited free shipping on eligible items.
The basics: Walmart leased space at 117 Valentine Industrial Parkway in Jefferson, a development owned by Hillwood Properties. Darren Butler, Nathan Anderson, and Austin Brannen with NAI Brannen Goddard represented Hillwood Properties in the lease with Walmart.