Deal Size
$175.0M
Cap Rate
Est. 5.10%
$/SF
$146
Size
1.2M SF
Occupancy
—
Enhance logistics capabilities in key e-commerce hubs.
Prologis is executing its core strategy of expanding its footprint in high-growth logistics markets critical for e-commerce fulfillment.
Seller motivation not disclosed, but the sale to a major institutional player like Prologis suggests a strategic disposition.
The $175M transaction confirms continued institutional capital flow into Atlanta's industrial sector, particularly for large, modern facilities.
Bank of America
Atlanta is a major logistics hub driven by population growth and its status as a primary e-commerce distribution center for the Southeast.
Competes with other large-scale logistics facilities serving the Atlanta MSA, particularly those near major interstate corridors.
Atlanta's industrial pipeline remains active, though demand for modern, large-scale distribution centers often absorbs new supply quickly.
A 5.1% cap rate for a 1.2M SF industrial asset in a major hub like Atlanta suggests a core or core-plus risk profile for this asset class.
Atlanta industrial rents are expected to see continued growth, supported by strong e-commerce demand and limited availability of modern, large-format space.
“Together, we're expanding that success in Europe—combining long-term capital with our operating platform to scale high-quality logistics assets across key markets.”
“Despite a 15% rise in capex due to supply chain issues, we achieved a 97.1% occupancy rate and an 8.2% increase in rental rates year-over-year.”
“This joint venture with GIC builds on that momentum by pairing our platform and development expertise with a partner that shares our long-term perspective.”
“This joint venture with GIC builds on that momentum by pairing our platform and development expertise with a partner that shares our long-term perspective.”
“Build-to-suit activity continues to be one of the clearest signals of customer conviction across our business.”
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