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150 Distribution Drive

BLP Acquires 1.56M SF Industrial Portfolio In McDonough GA Amid Market Volatility
SOLDIndustrial

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.

Players

Will Gilkeson

Buyer

$297.7M

vol

5 deals

Buyer
Bridge Logistics Properties (BLP)
Bridge Logistics Properties (BLP)Buyer

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