Atlanta Industrial Outlook | Q2 2012 | JLL

on point Atlanta . Industrial Outlook . Q2 2012

Growth slows as hesitation

enters the market

Significant positive net absorption echoed from previous quarter’s leasing

activity. Although, uncertainty slowed much of the second quarter’s

forward progression.

Total sales volume eclipsed the previous two quarters combined. Buyers

and sellers inked deals on investment grade and value-add assets alike.

Jones Lang LaSalle • On Point • Atlanta Industrial Outlook • Q2 2012 3

Business Park are two of the few. Metro Atlanta’s fundamentals have continued to shift into balance

and away from a tenant favorable environment, although more slowly than previous quarters would

have led one to believe. As a response to previous deal volume, Atlanta’s total net absorption this

period surpassed the previous quarter’s, indicating the most appetite for industrial space since mid

2011. With new construction activity muted, additional supply to the market is limited allowing

vacancy rates to continue falling to pre-recession levels. Although overall average asking rental

rates have remained relatively flat, landlords are pulling back slightly on concessions, increasing

effective rates.

Depending on one’s perspective, hesitation is not always bad news. Third party logistics providers,

those which gravitate to big box submarkets such as the Northeast, Airport/South I-85 and I-20

West, have benefited from the market’s uncertainty. Firms are willing to accept higher marginal

costs to ensure flexibility in their supply chain and avoid long term capital commitments. Newer

well-located distribution and bulk warehouse space performed better than average as a result.

Atlanta industrial overview

Total industrial market (owner occupied included)

Supply Construction Vacancy Availability Demand Pricing

Total stock (s.f.) Under construction (s.f.) Rate Trend Rate Trend Q1 2012 net absorption (s.f.) Average rental rate (nnn)

Total industrial market 499,840,613 1,554,124 12.7% 18.6% 2,488,640 $3.02

Warehouse/distribution 429,811,123 1,554,124 13.4% 19.9% 2,943,495 $3.07

Manufacturing 70,029,490 0 7.9% 10.6% -454,855 $2.69

Total flex market 35,102,282 0 20.2% 24.1% -163,076 $7.62

Trend spotlight… • Tenants participating in the food and beverage industry make up 25.0 percent of the

requirements for space. With operations requiring conditioned space and custom design

upgrades, these may become build-to-suit arrangements.

• Leasing activity was poorly distributed with much of the volume collecting under 30,000

square feet.

• Manufacturing space continues to diverge from the overall trends. Vacancy has increased

again over last quarter and, with negative demand, more space is available for lease.

• Rumors of speculative construction have been floated but IDI’s 653,484-square-foot Riverside

Parkway distribution center remains the only building going vertical not pre-leased.

Economy

Shifting into a lower gear, the local economy mirrored a second quarter national slowdown. US

gross domestic product decelerated to 1.5 percent, compared to first quarter’s 2.0 percent growth,

as both consumers and businesses reigned in spending. Political and economic uncertainty are

mostly to blame. Unknowns contributing to the quarter’s air of hesitation were the presidential

election, European debt crisis, Supreme Court’s health insurance verdict, Georgia’s transportation

referendum, and federal funding for Savannah’s harbor expansion project.

Leading indicators of industrial real estate demand such as consumer-confidence, expanded

payrolls, and Georgia’s purchasing manager’s index have all signaled a drag on the recovery.

Georgia Department of Labor data indicate Atlanta’s unemployment rate has held at a seasonally

adjusted 8.9 percent, rather than continuing its decline. The state’s payrolls faired slightly worse at

9.0 percent. This uncertainty adds to Atlanta’s summertime headwinds.

Despite the challenges felt worldwide, US exports rose by 5.3 percent. The Port of Savannah joined

in with a 3.8 percent increase in total export volume over the previous quarter offering additional

demand for the state’s distribution and warehouse space. Gas prices remained in check and the

positive effects of an unusually warm winter led to additional residential construction, though not as

much as during the first quarter.

Market conditions

Many decision makers participating in the market have chosen to wait for clarity before committing

to long term capital expenditures. Issues such as the expiration of Bush-era tax cuts and

unpredictable demand are adding to their hesitation. This period’s lease transaction volume is off

significantly from previous quarter’s, and has proven less evenly distributed. Few mid-sized tenants

have signed deals this quarter; Mobis Parts America at 1200 Oakley Industrial Boulevard for

301,152 square feet and Factory Direct Wholesale’s 119,900-square-foot deal at Berkeley Gwinnett


Atlanta industrial overview, cont.

Outlook

Three years into the weakest recovery since World War II one thing is for certain, uncertainty is

widespread. Unanswered political and economic questions remain from the health of Asia and the

Eurozone, elections in Washington DC, Georgia’s transportation solutions, to our unemployed

neighbors. The momentum felt in previous quarters has slowed sharply and hesitation will affect the

remainder of 2012. Look to residential construction, particularly multifamily renovations, payroll

additions, inventory levels and consumer spending as a bellwether for growth of Atlanta’s industrial

real estate market.

Manufacturing space, which makes up 13.5 percent of the total industrial inventory, is likely to

continue to lose traction. One factor is that the buildings of yesterday oftentimes cannot

accommodate new mechanized and sustainability requirements of today’s operations. Because of

these capital intensive upgrades, many future facilities will likely be custom built. Similar trends can

be seen with e-commerce fulfillment centers as with Bed Bath and Beyond’s 810,000-square-foot

distribution center in Jackson County. Large users will likely continue to benefit from the current

market conditions, taking advantage of a wide variety of available space dispersed throughout the

metro. Smaller tenants, less than 100,000 square feet, operate in a more volatile local environment

and are more susceptible to swings in demand. These decision makers will likely wait for clarity

before committing to new space, choosing instead to extend current agreements.

Additional supply to the market will remain muted despite historically low interest rates and the

state’s pro-business demeanor. However, an additional speculative building or two may appear on

the radar before year’s end. Asking rents are stable in most of the market, though effective rents

are beginning to move up in the Airport/South I-85 and Northeast submarkets. Incentives such as

one month free rent per year of term are common in other poorer performing submarkets. Despite a

belabored local recovery, this year is likely to contribute more growth than in previous years

following the recession. Expect any major shifts in real estate fundamentals to occur post election.

Atlanta property clock

Land

lord

leve

rage

Tenant leverage

Peaking

market

Falling

market

Rising

market

Bottoming

market

Chattahoochee, Central Atlanta North Central, Northwest, I-20 West

I-20 East, South I-75

Airport/South I-85, Northeast


Pricing trends

• Overall average asking rates remain relatively flat

• Effective rental rates are slowly rising in the more active submarkets

• Warehouse/distribution rates dropped overall since the previous quarter

• Submarkets which noticed a drop in warehouse/distribution rates include Airport/South I-85, Central Atlanta, I-20 East, North Central and the Northeast

• Metro-wide manufacturing asking rents fell by $0.02 to the same level of a year ago

• Metro-wide, flex pricing increased again, this quarter by $0.20

Atlanta industrial overview, cont.

YTD net absorption

Demand trends

• Absorption figures were strong this quarter in response to active leasing volume during previous quarters

• Airport/South I-85 posted a significant loss due primarily to Sears Logistics Services vacating 3700 Southside Industrial Way

• Demand in the Northeast was overwhelmingly driven by ‘big box’ users rather than smaller ‘bread and butter’ tenants

• The Northeast has had 9.0 straight quarters of positive net absorption totaling about 3.7 million square feet

• Manufacturing demand trailed off considerably this quarter, although there are several build-to-suits in various construction phases

• I-20 West put up its third quarter’s worth of positive net absorption

Average rental rate

-1,000,000

-750,000

-500,000

-250,000 0

250,000

500,000

750,000

1,000,000

1,250,000

1,500,000

Chattahoochee

North Central

Central Atlanta

I-20 East

I-20 West

Northwest

South I-75

Airport/South I-85

Northeast

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

$5.00

Airpor

t/Sou

th I-

85

I-20

Wes

t

South

I-75

I-20

East

North

east

Centra

l Atla

nta

North

west

Chatta

hooc

hee

North

Cen

tral


Methodology…

The leased industrial sector excludes owner occupied

product from the market’s data set, and provides a rental

equivalent perspective for industrial buildings that are

leased by tenants. Buildings can move into and out of this

data set based upon being purchased or sold by a

particular user.

Recent lease transactions

Tenant name Location Submarket Deal type Size (s.f.)

New Breed Logistics 5400 Fulton Industrial Boulevard I-20 West New 439,000

FedEx 4644 SouthPark Boulevard South I-75 New 401,600

Mobis Parts America 1200 Oakley Industrial Boulevard Airport/South I-85 New 301,152

Tenants in the market

Tenant name Submarket concentration Size requirement (s.f.)

The Home Depot South I-75 1,200,000

Restoration Hardware Metro-wide 800,000 – 1,000,000

Ken’s Foods South I-75 425,000

Total leased industrial market (excluding owner occupied facilities)

Supply total

stock (s.f.)

Vacancy

rate

Availability

rate

Demand

Q2 2012 net

absorption (s.f.)

Pricing

Average rental

rate (nnn)

Total leased industrial market 337,026,288 17.7% 25.3% 1,992,572 $3.07

Warehouse/distribution 312,913,985 17.5% 25.4% 2,406,437 $3.09

Manufacturing 24,112,303 19.2% 24.7% -413,865 $2.75

Total leased flex market 25,615,345 25.2% 29.3% -139,139 $7.49

Sector trends… • Tenants involved in the food and beverage industry are some of the most active in the

market, making up approximately 25.0 percent of all known significant requirements.

• Manufacturing firms are choosing build-to-suit scenarios over renovating existing facilities

because of a dwindling supply of suitable stock. Mitsubishi’s Satellite Boulevard facility

and Toyota Industries’ new plant are two examples of the move toward custom

construction.

• The Manufactures Alliance for Productivity Index corroborated Georgia’s Purchasing

Manager’s Index data, noting that activity has slowed over the quarter. Inventories are

sitting on shelves longer and the pipeline of new orders has diminished somewhat.

Atlanta leased industrial market [excluding owner occupied facilities]


rental income and modern cost efficiencies needed to justify lower cap rates. Price per square foot

is often used instead as a determinate of value, due also in part to Atlanta’s relatively high vacancy

rate in the class B/C segment. Overall sales volume of this property has declined since 2011, but so

to have the number of delinquencies. It appears that much of the volatility seen in previous years

was alleviated by recent modifications and value-add plays. This is a strong indication that Atlanta’s

non-core asset capital market is stabilizing.

Expect REITS to continue with their strategy of disposing poorer preforming stock in favor of

securing more durable cash flow and better located real estate. Investors with their ear to the ground

will continue taking advantage of the hesitation in the market to pick up property at a discount. Cash

rich firms may also do the same. Atlanta’s recovery is still fragile and susceptible to major shocks.

Barring any large scale economic disruption on the world stage and evaporation of positive GDP

growth, albeit slowing, healing of the metro’s capital markets should continue into next year.

Atlanta industrial capital markets overview

I-20 West 7545 Hartman Industrial Way

RBA 569,673 s.f.

Buyer Duke Realty

Seller The Opus Group

Price (p.s.f.) $46.25

Date sold June 2012

Airport/I-85 South 7320 Oakley Industrial Boulevard

RBA 400,000 s.f.

Buyer Exeter Property Group

Seller Exel

Price (p.s.f.) $20.28

Date sold May 2012

Atlanta select sales

Average sales price (p.s.f.) and cap rates by year (warehouse, distribution & manufacturing only)

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

$0

$10

$20

$30

$40

$50

$60

2007 2008 2009 2010 2011 2012

Avg. price (p.s.f.) Cap rate

I-20 West 747 Douglas Hill Road

RBA 913,000 s.f.

Buyer LaSalle Investment Management

Seller Stockbridge Capital Group

Price (p.s.f.) $43.81

Date sold April 2012

Industrial properties continue to be a highly sought-after investment. Their stable cash flow and

ability to maintain value over time corresponds with many investors’ goals. Those participating in

Atlanta’s capital markets have leveraged the current slowdown to secure additional assets. This

quarter LaSalle Investment Management acquired the Quaker Oats distribution center and Duke

Realty selected Hartman Business Center V. These properties both sold at sub 7.0 percent cap

rates, evidence that a thirst for investment grade property with credit tenants exists locally. Relative

to other cities in the US, Atlanta’s stock is affordable. It remains an option for investors priced out of

other more costly markets where attainable top-quality properties are scarce at reasonable prices.

A dichotomy exists, however, between local core assets and other classes of industrial property.

Older functionally obsolete warehouse and distribution facilities are not as able to command stable


Statistics

Large block availabilities

Construction map

Contacts

Appendix


Atlanta industrial market statistics

Vacancy: Physically vacant space. Total Vacancy includes both direct and sublease space.

Availability: Space being marketed for lease by owner or sublessor, regardless of occupancy. Total Availability includes both direct and sublease space.

Net Absorption: The net change in occupancy over a measured period of time.

Average Asking Rent: Direct monthly values presented on a NNN basis, then weighted by the amount of direct available space in a building.

Statistics reflect the total industrial market, including owner occupied facilities

Submarket

Total

inventory

(s.f.)

Direct

vacancy

(%)

Total

vacancy

(%)

Direct

availability

(%)

Total

availability

(%)

Direct net

absorption

(s.f.)

YTD 2012 direct

net absorption

(s.f.)

Total net

absorption

(s.f.)

YTD 2012 total

net absorption

(s.f.)

Average direct

asking rent

($ p.s.f.)

Average total

asking rent

($ p.s.f.)

Under

construction

(s.f.)

YTD

completions

(s.f.)

Airport/South I-85

Warehouse / Distribution 80,223,677 12.1% 13.2% 16.3% 18.3% -873,157 -464,258 -809,127 -433,351 $2.86 $2.79 0 0

Manufacturing 13,900,039 6.5% 6.5% 9.2% 9.2% 18,640 18,640 18,640 18,640 $1.99 $1.99 0 0

Total industrial 94,123,716 11.3% 12.2% 15.2% 17.0% -854,517 -445,618 -790,487 -414,711 $2.78 $2.67 0 0

Flex / R&D 1,433,921 11.7% 12.8% 16.7% 17.8% -24,525 -25,458 -24,525 -19,538 $8.39 $8.39 0 0

Central Atlanta

Warehouse / Distribution 7,876,815 7.8% 7.8% 15.2% 15.9% 64,400 -14,480 64,400 -14,480 $3.37 $3.24 0 0

Manufacturing 2,544,840 10.8% 10.8% 25.6% 25.6% 0 0 0 0 $3.00 $3.00 0 0

Total industrial 10,421,655 8.5% 8.5% 17.8% 18.3% 64,400 -14,480 64,400 -14,480 $3.24 $3.18 0 0

Flex / R&D 1,667,441 8.9% 8.9% 13.0% 13.0% -24,135 14,144 -24,135 14,144 $14.48 $14.48 0 0

Chattahoochee

Warehouse / Distribution 11,206,182 10.0% 10.0% 14.5% 14.5% 97,027 -90,297 97,027 -90,297 $4.13 $4.13 0 0

Manufacturing 3,719,964 3.3% 3.3% 3.3% 3.3% 0 0 0 0 - - 0 0

Total industrial 14,926,146 8.4% 8.4% 10.9% 10.9% 97,027 -90,297 97,027 -90,297 $4.08 $4.13 0 0

Flex / R&D 1,329,961 10.2% 10.2% 13.7% 13.7% -5,587 -4,487 -5,587 -4,487 $9.04 $8.90 0 0

I-20 East

Warehouse / Distribution 41,263,629 13.8% 13.8% 17.5% 17.7% 383,708 489,234 398,108 503,634 $2.81 $2.81 0 0

Manufacturing 9,178,416 10.2% 10.2% 11.5% 11.5% -157,110 -167,110 -157,110 -167,110 $3.00 $3.00 0 0

Total industrial 50,442,045 13.1% 13.1% 16.4% 16.6% 226,598 322,124 240,998 336,524 $2.83 $2.84 0 0

Flex / R&D 3,184,869 20.0% 20.6% 23.2% 23.8% 15,545 29,010 -3,879 9,586 $4.63 $4.63 0 0


Atlanta industrial market statistics, cont.

Submarket

Total

inventory

(s.f.)

Direct

vacancy

(%)

Total

vacancy

(%)

Direct

availability

(%)

Total

availability

(%)

Direct net

absorption

(s.f.)

YTD 2012 direct

net absorption

(s.f.)

Total net

absorption

(s.f.)

YTD 2012 total

net absorption

(s.f.)

Average direct

asking rent

($ p.s.f.)

Average total

asking rent

($ p.s.f.)

Under

construction

(s.f.)

YTD

completions

(s.f.)

I-20 West

Warehouse / Distribution 76,930,038 13.9% 14.2% 24.1% 25.9% 1,228,967 1,365,769 1,228,967 1,366,798 $2.87 $2.83 653,484 0

Manufacturing 7,180,841 6.8% 6.8% 14.2% 14.2% 0 0 0 0 $1.88 $1.88 0 0

Total industrial 84,110,879 13.3% 13.6% 23.2% 24.9% 1,228,967 1,365,769 1,228,967 1,366,798 $2.82 $2.75 653,484 0

Flex / R&D 1,933,467 15.6% 15.6% 15.7% 15.7% 11,717 -19,856 11,717 -19,856 $7.06 $7.06 0 0

North Central

Warehouse / Distribution 12,749,485 11.3% 11.6% 15.3% 15.6% -35,821 -86,297 -23,027 -113,869 $4.92 $4.88 0 0

Manufacturing 1,745,554 2.6% 2.6% 6.1% 6.1% 26,890 26,890 26,890 26,890 $2.50 $2.50 0 0

Total industrial 14,495,039 10.2% 10.5% 14.2% 14.5% -8,931 -59,407 3,863 -86,979 $4.80 $4.59 0 0

Flex / R&D 5,901,410 27.1% 27.3% 29.8% 29.9% -57,346 -113,516 -54,129 -110,299 $9.64 $9.64 0 0

Northeast

Warehouse / Distribution 126,490,493 13.0% 13.2% 16.3% 18.1% 1,567,320 1,644,292 1,622,680 1,742,348 $3.44 $3.44 0 0

Manufacturing 19,806,620 6.4% 6.4% 7.2% 7.2% -489,525 -218,435 -489,525 -218,435 $2.78 $2.78 0 0

Total industrial 146,297,113 12.1% 12.3% 15.1% 16.7% 1,077,795 1,425,857 1,133,155 1,523,913 $3.40 $3.35 0 0

Flex / R&D 11,798,021 23.3% 24.1% 26.2% 27.2% -50,791 -102,470 -23,652 -101,134 $6.62 $6.74 0 0

Northwest

Warehouse / Distribution 38,714,475 13.1% 13.3% 15.6% 15.9% 252,800 331,249 246,352 350,083 $3.84 $3.82 0 0

Manufacturing 5,697,096 10.5% 11.5% 13.2% 14.2% 0 42,923 0 42,923 $2.37 $2.37 0 0

Total industrial 44,411,571 12.8% 13.0% 15.3% 15.7% 252,800 374,172 246,352 393,006 $3.68 $3.63 0 0

Flex / R&D 6,995,365 14.4% 15.9% 19.3% 21.5% -49,923 -69,608 -38,886 -65,858 $7.76 $7.73 0 0





Statistics reflect the total industrial market, including owner occupied facilities.


Atlanta industrial market statistics, cont.

Submarket

Total

inventory

(s.f.)

Direct

vacancy

(%)

Total

vacancy

(%)

Direct

availability

(%)

Total

availability

(%)

Direct net

absorption

(s.f.)

YTD 2012 direct

net absorption

(s.f.)

Total net

absorption

(s.f.)

YTD 2012 total

net absorption

(s.f.)

Average direct

asking rent

($ p.s.f.)

Average total

asking rent

($ p.s.f.)

Under

construction

(s.f.)

YTD

completions

(s.f.)

South I-75

Warehouse / Distribution 34,356,349 12.2% 16.0% 20.8% 27.5% 268,990 471,778 118,115 309,703 $2.78 $2.68 900,640 0

Manufacturing 6,256,120 14.0% 14.0% 15.4% 15.4% 146,250 146,250 146,250 146,250 $3.27 $3.27 0 0

Total industrial 40,612,469 12.5% 15.6% 20.0% 25.7% 415,240 618,028 264,365 455,953 $2.84 $2.77 900,640 0

Flex / R&D 857,827 9.8% 9.8% 28.7% 28.7% 0 0 0 0 $3.50 $3.50 0 0

Metro

Warehouse / Distribution 429,811,123 12.8% 13.4% 18.0% 19.9% 2,954,234 3,646,990 2,943,495 3,620,569 $3.13 $3.07 1,554,124 0

Manufacturing 70,029,490 7.9% 7.9% 10.5% 10.6% -454,855 -150,842 -454,855 -150,842 $2.69 $2.69 0 0

Total industrial 499,840,613 12.1% 12.7% 17.0% 18.6% 2,499,379 3,496,148 2,488,640 3,469,727 $3.15 $3.02 1,554,124 0

Flex / R&D 35,102,282 19.5% 20.2% 23.2% 24.1% -185,045 -286,321 -163,076 -297,442 $7.62 $7.62 0 0





Statistics reflect the total industrial market, including owner occupied facilities.


Atlanta industrial buildings with large block availabilities

Airport/South I-85

12 Blocks

5,682,543 SF

6855 Shannon Parkway-(W)-744,000

3201 Centre Parkway-(W)-607,650

5005 Terminus Drive-(W)-569,918

2110 Lawrence Street-(D)-550,000

4300 S. Fulton Parkway-(W)-471,000

185 Southside Industrial Parkway-(W)-453,587

4575 Lake Mirror Place-(W)-432,500

3700 Southside Industrial Way-(D)-402,554

1000 W. Main Street-(M)-351,500

Warehouse

Warehouse

Warehouse

Distribution

Warehouse

Warehouse

Warehouse

Distribution

Manufacturing

Contiguous blocks greater than 250,000 square feet; (M): Manufacturing; (D): Distribution; (F): Flex; (W): Warehouse

Manufacturing

Warehouse

Distribution

Distribution

I-20 East

4 Blocks

1,503,527 SF

1335 Industrial Boulevard NW-(M)-531,644

2001 Deere Drive-(W)-378,883

16126 Alcovy Road-(D)-300,000

4650 Hugh Howell Road-(D)-293,000

Warehouse

Warehouse

Warehouse

7135 Southlake Parkway-(W)-289,343

5010 Terminus Drive-(W)-268,567

1557 Saint Joseph Avenue-(W)-251,764

Chattahoochee

North Central

Northwest

Submarkets with no large block availabilities


Central Atlanta

1 Block

287,000 SF

1200 White Street SW-(M)-287,000

Atlanta industrial buildings with large block availabilities, cont.

Warehouse

Distribution

Warehouse

Warehouse

Warehouse

Warehouse

Distribution

Warehouse


I-20 West

14 Blocks

6,195,940 SF

7705 Staples Drive–(W)–585,000

420 Lee Industrial Boulevard–(D)–561,600

6150 Xavier Drive SW–(W)–542,432

1265 Terminus Drive–(W)–527,000

3710 Atlanta Industrial Parkway-(W)-446,664

767 Douglas Hill Road-(W)-342,217

6021 Greensboro Dr SW–(D)–332,219

6355 Boat Rock Blvd SW–(W)–296,260

757 Douglas Hill Road-(W)-295,768

6300 Boad Rock Road-(W)-292,310

1600 Distribution Court–(W)–258,034

7905 Troon Circle-(W)-254,000

5305 Tulane Drive SW–(D)–253,738

125 Pequanoc Drive–(M)–250,000

Warehouse

Warehouse

Warehouse

Warehouse

Distribution

Manufacturing

Distribution

Distribution

Warehouse

Warehouse

Distribution

Warehouse

Distribution

Manufacturing

Warehouse

Manufacturing

Warehouse

Northeast

11 Blocks

6,726,930 SF

1187 E Hightower Trail-(D)-1,370,000

1523 Steve Reynolds Parkway–(D)–962,280

2500 W Park Drive-(W)-758,488

6205 Best Friend Road–(W)–735,233

596 Bonnie Valentine Way–(D)–583,525

1111 Broadway Avenue-(W)-544,838

350 Raco Parkway–(D)–486,000

150 W Vine Street-(M)-411,412

2800 Sawnee Avenue-(W)-302,600

1215 Palmour Drive-(M)-296,000

3312 N Berkeley Lake Road NW-(W)-276,554

Manufacturing


Atlanta industrial buildings with large block availabilities, cont.

Warehouse

Warehouse

Distribution

Manufacturing

Warehouse

Warehouse

Warehouse

Warehouse


South I-75

14 Blocks

7,055,771 SF

201 Greenwood Court–(W)–800,000

150 Greenwood Industrial Court–(W)–600,000

201 King Mill Court–(D)–570,000

375 Airport Road–(M)–509,000

220-230 Greenwood Court–(W)–504,000

237 Greenwood Industrial Court–(W)–455,000

250 Declaration Drive–(W)–429,600

210 Interstate South Drive–(W)–428,160

Warehouse

Warehouse

Warehouse

Warehouse

Distribution

Warehouse

3060 SouthPark Boulevard-(W)–411,000

200 Eagles Landing Parkway–(W)–400,000

197 King Mill Road–(W)–314,755

100 Interstate South Drive-(W)-275,000

100 Constitution Drive–(D)–273,400

3000 SouthPark Boulevard-(W)-273,200


Construction completed – year to date

FedEx Distribution Center – Atlantic Boulevard,

delivered Q1 2012

Marten Transportation – Stone Mountain Industrial Park,

delivered Q1 2012

Construction in progress

IDI Speculative Building – Riverside Parkway,

est. delivery Q4 2012

Georgia Pacific Build-to-Suit – Westridge Parkway,


Mitsubishi Build-to-Suit – Satellite Boulevard,


Toyota Industries Plant – Bonnie Valentine Parkway


Kuehne + Nagel Building – Camp Creek Business Center,


1

1

2

Atlanta construction map

2

3

3

4

5

5

3

4

6

6

7

7


Atlanta contacts

Research

Ryan Harchar

Research Analyst

Americas Industrial

+1 404 995 6509

[email protected]

Sarah Dasher

Research Manager

+1 404 995 6531

[email protected]

Brokerage

Steve Grable

Senior Vice President, SIOR

+1 404 995 2455

[email protected]

Bill Kee

Senior Vice President

+1 404 995 2244

[email protected]

Chris Tomasulo

Senior Vice President

+1 404 995 2462

[email protected]

Scott Quesinberry

Vice President

+1 404 995 6590

[email protected]

Ryan Wood

Senior Associate

+1 404 995 2280

[email protected]

PDS

Ethan Milley

Managing Director

+1 404 995 2188

[email protected]

Brian Terrell

Managing Director

+1 404 995 2413

[email protected]

Tripp Eskridge

Senior Vice President, LEED GA

+1 404 995 2466

[email protected]

Alan Clayton

Vice President

+1 404 995 2460

[email protected]

Ray Dankberg

Vice President

+1 404 995 2415

[email protected]

Rodney Davidson

Vice President

+1 404 995 6410

[email protected]

Reed Davis

Associate

+1 404 995 2227

[email protected]

Bob Robers

Vice President

+1 404 995 2445

[email protected]

Paul Roeser

Vice President

+1 404 995 2456

[email protected]

Mike Clemens

Vice President, CPIM LEED GA

+1 404 995 2180

[email protected]

Tom Simpson

Vice President, LEED AP

+1 404 995 6349

[email protected]

Property Management

Linda Bolan

Managing Director

+1 404 585 4506

[email protected]

BEI

Amy Gerber

Executive Vice President

+1 404 995 2447

[email protected]

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accuracy or completeness of the information contained herein and no reliance should be placed on the information contained in this document.

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