ING Clarion Partners Leases Two Industrial Properties in Atlanta
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NEW YORK, (September 30, 2009) – ING Clarion Partners, LLC, a leading real estate investment advisory firm, announced today that the firm signed two separate lease agreements in the I-20 West / Fulton Industrial Submarket of Atlanta, Georgia, totaling 277,078 square feet.
Evergreen Sweeteners has committed to a long-term lease for 150,668 square feet at 5625 Fulton Industrial Boulevard. The leased property has a 24-foot clear height and provides rail access. Evergreen will run a sugar packaging operation in the space, serving the Southeastern U.S.
Bridgestone Logistics, a third-party logistics company, has signed a new lease for 126,410 square feet at 4775-A Westpark Drive, with the ability to expand within the 216,106 square foot facility. Both leased industrial properties recently received upgrades from ING Clarion, including new T5 lights, painted warehouse walls and new interior offices.
“These recent lease transactions are promising developments for the industrial real estate market in the Atlanta area,” said Tom Flanigan, Senior Vice President at ING Clarion. “With close proximity to a major international airport, interstate highways and rail facilities, the I-20 West Fulton Industrial Submarket remains an attractive location for businesses to base their regional distribution hubs,” he added.
ING Clarion currently owns and manages more than 17 million square feet of industrial space in the Atlanta market. Other major ING Clarion tenants in the Atlanta market include Iron Mountain, Nestle Purina, Invacare, and US Postal Service.