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SK COMMERCIAL REALTY Acquisition is Entry into Industrial Real Estate Market

June 27, 2016

ATLANTA, June 26, 2016 – SK Commercial Realty successfully acquires 281 Veterans Memorial Hwy SE, a modern warehouse and former furniture showroom of nearly 180K SF on 8 acres, along the highly traveled Veterans Memorial Highway in Mableton. The deal was put together by Spencer Coan and Jared Barnett.

“This acquisition is a tremendous opportunity—it offers a strategic and visible location at low basis in a strong industrial submarket,” said Spencer Coan, Senior Vice President of SK Commercial Realty’s Investments Division.  “Underutilized for many years, our recent successful zoning appeal has added uses that will be attractive to logistics and storage-oriented businesses.  We are eager to implement our operating plan and restore this property to its highest and best use.”

281 Veterans Memorial Hwy represents one of the largest available contiguous blocks of industrial space within three miles of I-285.  Atlanta’s industrial market is at its strongest point in history, experiencing low vacancy rates and high demand.  These metrics have been driven by e-commerce and Atlanta’s unbeatable logistics infrastructure across land, sea, and air.  Due to Hartsfield-Jackson International Airport, the interstate highway system, substantial rail infrastructure, and the impending improvements to the Port of Savannah, Atlanta has become the logistics capital of the Southeastern United States.

The project will be leased and managed by SK Commercial Realty. To learn about this property or others, contact Tom KirboSpencer Coan, or Jared Barnett at 404-252-1200 or visit the website at www.skcr.comand www.skcr.com/property/veterans-memorial

SK Commercial Realty, with offices at 900 Circle 75 Parkway in Atlanta, has approximately 3 million square feet of space under lease and management, including:  Circle 75 Office Park, Perimeter Crossing, Paces Pavilion, Mansell Three, Parkbrooke Professional Center, Emory Saint Joseph’s Hospital, Piedmont Place, Hartsfield Center, Acworth Medical Complex, and One West Court Square, along with properties in Texas, Florida and South Carolina.

SK Commercial Realty is a full-service commercial real estate firm located in Atlanta, Georgia. SK Commercial Realty offers office and healthcare brokerage, investments sales, project consulting, and property and asset management. For more information please call 404-252-1200 or visit the company website at www.skcr.com 

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