BLP Acquires 1.56M SF Industrial Portfolio In McDonough GA Amid Market Volatility
150 Distribution Drive & 201 Greenwood Court
Building Size
1,560,256 SF
Asset Type
Industrial
Closing
Aug 27, 2025
AI
The transaction involved an industrial asset located at 150 Distribution Drive and 201 Greenwood Court in McDonough, GA, comprising a total of 1,560,256 square feet. The first location spans 760,256 square feet, while the second covers 800,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 150 Distribution Drive & 201 Greenwood Court
- Market: McDonough, GA
- Square Footage: 1,560,256 SF
- Buyer: Connor Tamlyn, Evan Morton & Will Gilkeson - BLP
- Date of Transaction: 08/27/2025
BLP's acquisition highlights their strategic expansion and commitment to maintaining a national footprint amidst market volatility. The acquisition focuses on a Class A portfolio in the I-75 South industrial hub, aiming to deliver stable income and attractive yields despite economic uncertainties and tariff-driven dislocation.
McDonough Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93