Transwestern’s Southeast Investment Services Group today announced that it completed the sale of 1000 Evenflo Drive, an industrial manufacturing warehouse located in Ball Ground, Ga., an industrial submarket in northwest Atlanta. Brennan Investment Group, LLC, a Chicago-based private real estate investment firm, purchased the property for $16.1 million. Totaling 364,347 square feet, the Class A facility is 100 percent leased to two major food industry manufacturers — Meyn America (164,523 square feet) and SMB Machinery Systems (200,345 square feet). Both tenants secured long-term leases in 2012.
“Atlanta’s industrial sector is finally shifting. Its long-term outlook will benefit from the recovering economy and the city’s strengthening position as a key transportation hub in the Southeast Region,” said Kevin Markwordt, managing director with Transwestern. “1000 Evenflo Drive presented Brennan Investment Group with a highly compelling, long-term investment opportunity in a major metropolitan market.”
1000 Evenflo Drive is a flexible and well-designed facility offering superior infrastructure in terms of power and building systems. With immediate access to the Interstate 575 interchange and a location 25 miles from Hartsfield-Jackson Atlanta International Airport, 1000 Evenflo Drive is part of the I-575 Airport Industrial Park, a 122-acre master-planned development.
Markwordt and Julian Brown represented the seller, Sunshine Associates, LLC.
“Transwestern exceeded our expectations in terms of price and service throughout a complicated sales process,” said Steve Buckner, managing director with Sunshine Associates. “I would highly recommend them for any investment sales and look forward to working with them again.”
Transwestern’s Atlanta-based Southeast Investment Services Group offers clients more than 70 years of combined experience and a successful track record of marketing and selling income-producing assets valued at more than $4 billion throughout the Southeast.
ABOUT BRENNAN INVESTMENT GROUP
Brennan Investment Group, LLC, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States.
Brennan Investment Group, LLC co-invests with private and institutional capital to achieve outstanding risk adjusted returns. The firm's management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada, and Europe.
For more information, go to www.brennaninvestmentgroup.com.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 150 offices in 30 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern. Follow the Atlanta office on Twitter: @TranswesternATL.