Cushman & Wakefield announced today that its Capital Markets Group in Atlanta has represented the Rockefeller Group Development Corporation and Reus GM Inc. in the sale of the General Mills Distribution Center, a 1.5-million-square-foot distribution facility located east of Atlanta in the I-20 industrial corridor. The Class A+ distribution facility is fully leased to General Mills.
Members of the Cushman & Wakefield team that marketed the property included Executive Director Stewart Calhoun, Executive Director David Meline, Director Samir Idris and Director Casey Masters in Atlanta.
The buyer was an affiliate of Welsh Property Trust, a Minnetonka, Minn.-based real estate investment company with significant holdings in key industrial markets throughout the United States. The transaction closed April 29, 2014. The purchase price was not disclosed.
Built in 2010 as a build-to-suit property for General Mills, the state-of-the-art cross-dock facility features 32-foot clear heights, T-5 lighting, concrete truck courts, abundant onsite trailer storage and LEED (Leadership in Energy and Environmental Design) Gold certification. The property, which is served by active CSX rail service, is located at 1871 Willow Springs Church Road in Social Circle, Ga., part of Atlanta’s I-20 East industrial corridor.
Rick Gove – The Gove Network
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