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Porter Logistics Leases 150000 Square Feet At Logistics Pointe In Atlanta With Covington Group As Landlord
LEASED
Georgia
See Similar DealsIndustrial150,000 SF
Leased 06/04/2025
LEASED
Porter Logistics Leases 150000 Square Feet At Logistics Pointe In Atlanta With Covington Group As Landlord
605 Selig Drive Southwest
See Similar DealsIndustrial150,000 SF
Leased 06/04/2025
Summary
GEORGIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:150,000 SF
Transaction Type:Lease
The property asset involved in this transaction is a 150,000-square-foot industrial facility located at 605 Selig Drive Southwest in Atlanta, GA. The asset is part of a larger facility totaling 650,259 square feet, owned by Covington Group Inc, the landlord in this transaction.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 150,000
- Address: 605 Selig Drive Southwest
- Market: Atlanta, GA
- Landlord: Covington Group Inc
- Tenant: Porter Logistics
- Broker: Austin Kriz - JLL
This lease transaction was facilitated by Austin Kriz, who represented Porter Logistics. The signing of the lease at Logistics Pointe increased Porter Logistics' total occupancy to 412,513 square feet within the Atlanta market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$8,597,909.48
Total Lease Value
$85,979,094.84
Net Landlord Cash Flow$8,597,909.48
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