Colony Industrial announced it has acquired the Atlanta NE/I-85 Industrial Portfolio consisting of nine Class A warehouse properties in Atlanta, Georgia, in a transaction that closed on September 26, 2018. Colony Industrial is the light industrial platform of Colony Capital, Inc., a diversified global real estate investment firm with $43 billion of assets under management.

The properties are located in Atlanta’s prime Northeast industrial submarket, totaling 890,920 square feet in six buildings at 2150 Boggs Road Northwest (Buildings 100, 200, 300, 400, 500 and 600) in Duluth, GA; one building at 1645 Satellite Boulevard in Duluth, GA; and two buildings at 2925 and 3255 Shawnee Industrial Way in Suwanee, GA. Their location offers immediate access to Interstate 85, a major north-south corridor connecting Atlanta to Charlotte and the Mid-Atlantic. The buildings are 96% leased to 23 high-quality tenants.

“This portfolio broadens our presence in a premier US transportation hub,” said Lew Friedland, Managing Director at Colony Capital and head of Colony Industrial. “We are selectively acquiring infill industrial buildings in high-demand markets to provide the critical last-mile link in the delivery cycle, and with this acquisition we now own 7.7 million square feet of light industrial logistics property in Atlanta.”

Matt Tritschler and Peter Everett of Newmark Knight Frank acted as real estate brokers on the transaction.