Cushman & Wakefield announced today that its Capital Markets Group has represented Ashley Capital in the sale of the Hillphoenix Global Warehouse, a state-of-the-art, 500,000-square-foot build-to-suit facility fully leased to Hillphoenix with a new, 15-year lease.
The buyer was Ladder Capital, a real estate investment firm based in New York City. The purchase price was undisclosed.
Members of the Atlanta-based Cushman & Wakefield team that marketed the property included Executive Director Stewart Calhoun, Executive Director David Meline, Senior Director Samir Idris and Director Casey Masters.
Located at 2016 Gees Mill Road in Conyers, Ga., along Atlanta’s I-20 East corridor, the facility serves as Hillphoenix’s global corporate headquarters and sole distribution and light-manufacturing warehouse for several of the company’s primary service lines. The property features 33-foot clear heights, cross-dock design, T-8 lighting, LED wall packs/pole lights and ESFR fire protection.