Atlanta Property Group Adds to Growing Industrial Portfolio in Key Infill Market
Wednesday, August 16th, 2023
Atlanta Property Group (APG), a leading Atlanta full-service real estate firm, today announces it has purchased 1900 West Oak, a 50,000-square-foot industrial building in Marietta. As the latest addition to APG’s growing industrial portfolio, the acquisition signals the firm’s focus on investing in key assets within strategic infill markets.
Located at 1900 West Oak Circle, the building is well-positioned in the highly sought-after Marietta submarket, just two miles from I-75. 1900 West Oak is located within Atlanta's competitive Northwest submarket, which is one of the strongest performing in the region. Originally developed in 1990, 1900 West Oak features 12 dock-high doors and 20’ clear heights. The building is currently 50% leased.
“Marietta is a strategic, infill submarket with an attractive growth trajectory,” said Smith Haverty, partner at APG. “As we continue to grow our portfolio, this acquisition reinforces our commitment to acquire properties in fast-growing regions in the southeast.”
APG has remained an active participant in the industrial market, deploying over $120 million of capital since 2022. As the industrial market continues to experience strong fundamentals, the firm plans to grow its portfolio significantly over the coming years. APG is currently targeting existing distribution properties in the Atlanta, Charlotte, Greenville, Nashville, Raleigh and Central Florida markets.
“We have ample capital available to continue to invest in high-quality, well located distribution properties in submarkets across the southeast where we believe demand will outpace supply,” said Shep Dinos, managing partner at APG.
In addition, APG owns 1.9 million square feet of office properties in metro Atlanta. Earlier this year, the firm announced it is more broadly deploying its established third-party platform, which includes property management, construction management, leasing and accounting.