Foxfield Acquires Industrial Building In Duluth Georgia From Barco For $19 Million

Foxfield acquired an industrial building measuring 169,252 square feet located at 3059 Premiere Parkway in Duluth, GA for $19 million. The property was previously owned by Barco, which has leased it back under a six-year, triple-net agreement.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $19,000,000
• Sale Date: 12/10/2024
• Market: Duluth, GA
• Price Per Square Foot: $112
• Buyer: Foxfield
• Seller: Barco
• Brokers: Britton Burdette, Dennis Mitchell, Jim Freeman, Matt Wirth - JLL, Howard Boyd & John Crawford - Hailey Realty Co

Foxfield's acquisition marks the 14th purchase through its Open-End Fund, which is focused on acquiring fully leased Class A and B industrial assets. This transaction illustrates the collaboration of multiple brokerage representatives, ensuring an organized deal process for both the buyer and seller involved.