Senior Vice Presidents Brett Buckner and Chris Miller will lead leasing efforts at the property.
ATLANTA, GA, June 22, 2023 /24-7PressRelease/ — Ackerman & Co. has acquired 2020 East Park Drive, a 212,232-square-foot, Class A distribution facility in Conyers, Ga., located approximately 30 miles east of downtown Atlanta. The firm purchased the facility, completed in late 2022, from Dayton Street Partners. The price was not disclosed.
Located in the I-20 East distribution corridor in Rockdale County, the facility is strategically positioned to attract distribution, logistics and manufacturing users, offering convenient access to Atlanta’s dense consumer submarkets to the west and the fast-growing ports of Savannah and Charleston to the east.
Ackerman & Co. Senior Vice Presidents Brett Buckner and Chris Miller will direct leasing efforts at the building, which offers space options starting at 50,000 square feet.
“Demand for industrial space remains extremely strong across the Atlanta industrial market, and this property offers the efficient design elements that space users are seeking to maximize distribution operations, including high ceiling heights and abundant trailer and auto parking,” said Brett Buckner. “With the additional benefit of its convenient access to I-20 via a nearby full-diamond interchange, this property is well-positioned to attract distribution, high-tech, e-commerce and other users.”
Ackerman & Co. has extensive experience developing industrial projects in the I-20 East corridor. The firm developed Rockdale Technology Center, a Class A industrial park featuring five buildings totaling approximately 1 million square feet.
The rear-load facility at 2020 East Park Drive features 32-foot clear heights, two drive-in dock doors, more than 200 auto parking spaces, and a truck court with 41 parking spaces. The building also offers multiple access points off of East Park Drive, with separate auto and truck access.
Although a significant amount of new industrial supply has begun to enter the market, availability across metro Atlanta is tighter than at any time before 2021, with roughly 4.5% vacancy, according to CoStar. Availability in the Rockdale/Newton County submarket now stands at 6.7%.
About Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than $2 billion of office, medical, industrial, retail and mixed-use space and has more than 4 million square feet under management, with a growing focus on self-storage investments. For more information, visit www.ackermanco.com
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