Updated Oct 19, 2026
Google Nike And TikTok Sign Leases For 3.06 Million Square Feet In Metro Atlanta
700 Price Drive, 4505 Derrick Industrial Parkway & 646 Parker Industrial Road
Building Size
3,060,000 SF
Asset Type
Industrial
Closing
Oct 16, 2026
About this deal
AI
The transaction involved a total industrial space of 3,060,000 square feet located at 700 Price Drive, 4505 Derrick Industrial Parkway, and 646 Parker Industrial Road, in Locust Grove, Union City, and Pendergrass, GA. This asset is part of a growing trend in the industrial market, demonstrating a significant increase in leasing activity in the Atlanta area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Asset Size: 3,060,000 square feet
- Address: 700 Price Drive, 4505 Derrick Industrial Parkway & 646 Parker Industrial Road
- Market: Locust Grove, Union City & Pendergrass, GA
Key individuals involved in the leasing transactions include Sundar Pichai representing Google, Elliott Hill representing Nike, and Shou Zi Chew representing TikTok. These companies have expanded their warehouse and distribution operations in metro Atlanta, contributing to a notable industrial recovery in the region.
On the Map
Industrial
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Price 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