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POWER BROKER QUARTERLY DEALS: Top Industrial Leases Recognized for Atlanta
Three NAI Brannen Goddard Deals make CoStar’s Quarterly List of Market-Leading Deals and Dealmakers.
TOP LEASE: 1793 Highway 42 S, McDonough, GA
Space Leased: 416,704 SF
Deal Type: Renewal
Size: 795,754 SF
Tenant: Geodis Logistics
Brokers Involved: Nathan Anderson, Darren Butler, and Chris Irby of NAI Brannen Goddard represented the landlord. Adam Richards of Reliant Real Estate Partners represented the tenant.
Deal Commentary: Geodis Logistics, a global transport, logistics, and supply chain company, signed a five-year renewal for its space within the King Mill Distribution Center. Built in 2006, the property was developed by Cousins/Weeks and is owned by Heitman.
TOP LEASE: Riverside Parkway, Lawrenceville, GA
Space Leased: 367,060 SF
Deal Type: New Lease
Size: 367,060 SF
Tenant: Target
Brokers Involved: Nathan Anderson and Austin Brannen of NAI Brannen Goddard represented the landlord.
Deal Commentary: Target, a global chain and the eighth-largest retailer in the United States, signed a lease for the new Riverside Distribution Center in Lawrenceville. Developed by High Street Logistics Properties and owned by Raco Construction, the new development opened this year and includes 36-foot ceiling heights, two drive-in bays, and 53 external loading docks.
TOP LEASE: 780 Hartman Road, Austell, GA
Space Leased: 246,920 SF
Deal Type: New Lease
Size: 246,920 SF
Tenant: SupplyOne
Brokers Involved: Austin Brannen and Matt Bentley of NAI Brannen Goddard represented the landlord.
Deal Commentary: SupplyOne, a custom packaging supply company founded in 1998, signed a lease to occupy the Hartman Road Logistics Center that is set to open this summer in Austell. The new warehouse is being developed, and will be owned, by Atlanta’s Euphoric Development.