FAQ: Atlanta Property Group's Expansion into Charlotte's Industrial Market
Summary
Atlanta Property Group (APG) has expanded its industrial portfolio by acquiring an 80,000-square-foot distribution building in Charlotte, NC, reinforcing its focus on strategic Southeastern markets.
What property did Atlanta Property Group acquire in Charlotte?
APG acquired 5416 Wyoming Ave., an 80,000-square-foot, infill distribution building in Charlotte, NC.
Why is the acquisition of 5416 Wyoming Ave. significant for APG?
This acquisition signifies APG’s continued investment in key distribution assets in strategic Southeastern markets, specifically in high-growth Sun Belt markets.
Where is the newly acquired property located?
The property is located in the Westinghouse industrial submarket of Charlotte, NC, known for its excellent transportation access and strong tenant demand.
What are the features of 5416 Wyoming Ave.?
The building features 18’-21’ clear heights, a 150’ truck court, dock-high doors, full-building HVAC, and heavy power, and is currently 100% leased.
How does this acquisition fit into APG’s overall strategy?
This deal aligns with APG’s strategy of acquiring functional, well-located industrial assets in high-growth Sun Belt markets.
How active is APG in the industrial market?
APG has been very active, acquiring 16 industrial buildings since 2022 and plans to invest $150 million of committed equity into existing distribution properties by the end of 2025.
What markets is APG targeting for future investments?
APG plans to invest in the Atlanta, Charlotte, Greenville, Savannah, Nashville, Raleigh, and Central Florida markets.
How can I learn more about Atlanta Property Group?
You can visit APG’s website or follow them on LinkedIn for more information.
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