Updated Sep 3, 2026
Corvant Signs Full-Building Lease For 113,865 Square Feet In Douglasville With Landlord Dermody Properties
575 Bright Star Connector
Building Size
113,865 SF
Asset Type
Industrial
Closing
Sep 2, 2026
About this deal
AI
The property involved in the transaction is an industrial asset located at 575 Bright Star Connector in Douglasville, GA. The total square footage of the facility is 113,865. The property has recently been completed and features a rear-load design with 28 dock-high doors, two drive-ins, and clear heights of 32 feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 575 Bright Star Connector, Douglasville, GA
- Square Footage: 113,865
- Landlord: Douglas Kiersey Jr. - Dermody Properties
- Tenant: Mike Grabham - Corvant
- Brokers: Angie Henry - The Realty Group; Mason Marsteller - Hughes Commercial Real Estate
- Lease Type: Full-building lease
The transaction marks a full-building lease signed by Corvant for the newly delivered facility at LogistiCenter at Bright Star. Dermody Properties, represented by Mason Marsteller of Hughes Commercial Real Estate, and Corvant, represented by Angie Henry of The Realty Group, finalized the agreement pertaining to this industrial space.
Players
Mineola Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93