Lee & Associates – Atlanta is proud to announce the successful long-term lease renewal of 5405 Buford Hwy, Suites 250-290, Norcross, GA. The 52,437 square-foot space will continue to serve as the primary production and distribution facility for Image Manufacturing Group, an established high-end commercial and retail signage manufacturer. Matthew Reynolds and Trip Ackerman, SIOR, of Lee & Associates – Atlanta represented Image Manufacturing Group in securing this renewal, ensuring the tenant’s continued presence…
LEE IN THE NEWS: Brett Chambless, SIOR at Lee & Associates Secures 172,000 SF Lease for Samaritan’s Purse in Acworth, GA
Lee & Associates – Atlanta’s Brett Chambless, SIOR successfully represented Samaritan’s Purse in securing a new 172,000 SF warehouse lease at 1347 Highway 92 in Acworth, Georgia. “Samaritan’s Purse is a nondenominational evangelical Christian organization providing spiritual and physical aid to hurting people around the world” (Samaritan’s Purse). The new facility will serve as a processing center for Operation Christmas Child. This mission was started in 1993 and entails sending millions of gift-filled shoeboxes to…
LEE IN THE NEWS: IDI Logistics Leases 259,708 SF at Northwest 75 Logistics Center in White, GA
We are thrilled to announce that IDI Logistics successfully leased 259,708 square feet at the Northwest 75 Logistics Center, a state-of-the-art facility in White, Georgia. Congratulations to Billy Snowden, SIOR from Lee & Associates – Atlanta and Brad Pope, SIOR, from JLL for their successful collaboration in securing this deal! There is an additional 51,952 square feet of premium, move-in ready space still available at the Northwest 75 Logistics Center. For more information on…
Availability & Sublease Tracker | November 2024
Market-wide sublease availability has declined for the fifth consecutive month, reaching 8.99 million square feet (MSF) in October 2024—the lowest level since August 2023. Sublease availability in buildings of 250,000 square feet or more has experienced the most significant decline, dropping 30.2% year-over-year. Overall availability (all building sizes) has seen a minimal month-over-month increase, primarily driven by a few small new construction groundbreakings. A substantial wave of speculative supply is expected to deliver over…
October 2024 | Market Brief
Industrial development activity reached its peak in early 2022, with more than 46 million square feet being constructed at the time. Today, less than 10 million square feet is currently underway, marking a construction peak-to-trough timeline of roughly 2.5 years. The about-face and rapid deceleration is remarkable on its own, but it’s paired with another recent trend – an increase in leasing activity. While increasing from a smaller base than at earlier periods this cycle,…
LEE IN THE NEWS: Lee Atlanta’s Team Negotiates Sale of Newly Constructed 163,170 SF Distribution Facility in Lawrenceville
October 4, 2024 (Atlanta, Georgia) – Joseph Mullican, Craig Viergever & Tyler Flemming of Lee & Associates negotiated the sale of 1500 Progress Industrial Blvd. in Lawrenceville. The 163,170 SF newly constructed shell building was developed by Taylor & Mathis. The purchaser, a private company, will use the building for their expanded distribution operations after constructing ±3,000 SF of office area and upfitting the building with dock equipment and racking. Read More on Metro Atlanta…
Q3 2024 Atlanta Market Reports
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