Principal Real Estate Investors Acquires Industrial Assets In Doraville, Atlanta, Georgia, & Jacksonville For $49M

The property involved in this closed transaction is an industrial asset located at 2650 Button Gwinnett Dr & 4345 Perimeter Industrial Parkway North in Doraville, Atlanta, Georgia, and Jacksonville. The property spans 367,820 square feet and has been sold for a price of $49,000,000, resulting in a price per square foot of $133. The transaction took place on 03/15/2022 between the buyer, Principal Real Estate Investors, and the seller, Rooker.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $49,000,000
• Address: 2650 Button Gwinnett Dr & 4345 Perimeter Industrial Parkway North, Doraville, Atlanta, Georgia, and Jacksonville
• Square Footage: 367,820
• Price per Square Foot: $133

The deal was facilitated by JLL Capital Markets. The brokers involved in the transaction were Matt Wirth, Luis Castillo, Dennis Mitchell, Britton Burdette, Jim Freeman, Cody Brais, Luke Pope, and Brad Pope. They represented their respective parties in the negotiation and closing of the deal.