The Dixie Group has sold a 17.5-acre industrial property located at 400 Princeton Boulevard in Adairsville, GA. The property encompasses a 294,020-square-foot distribution center. The transaction was facilitated by Colliers International for a sale price of $16,300,000, resulting in a price per square foot of $55.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $16,300,000
• Address: 400 Princeton Boulevard, Adairsville, GA
• Market: Adairsville, GA
• Acres: 17.5

The sale-leaseback deal was brokered by Steve Bartlett and Todd Harrell of Colliers International. Mortgage brokers involved in the transaction were Doug Alexander and Hagan Dick, also from Colliers International.

Note: Colliers International facilitated the transaction, which involved the sale-leaseback of the distribution center. The property is situated approximately 60 miles northwest of Atlanta.