Faropoint expands Atlanta Industrial Footprint with two-property, 253.5K SF portfolio acquisition from Ivanhoé Cambridge

  • 10/24/2024

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Faropoint has acquired two infill light-industrial properties in the metro Atlanta market, 48-50 Best Friend Road and 1056 Personal Place. Ivanhoé Cambridge sold the fully leased assets totaling about 253,500 square feet with the assistance of JLL.

MWD Logistics occupies the entire Personal Place property, while Currey & Co. fully leased the Best Friend Road location. Both companies are well-established in metro Atlanta and their respective sectors, according to JLL.

Both properties came online in the 1970s. The 90,000-square-foot Personal Place facility in Morrow, Ga., features a rear-load configuration, 22-foot clear heights and a 100-foot truck court. The larger Best Friend Road asset, at about 163,500 square feet in Doraville, Ga., sports a cross-dock load configuration, 30-foot clear heights, a 120-foot truck court with a 50-foot concrete apron and six rail doors.

Ivanhoé Cambridge
Ezio Sicurella, CPA, CFA | Head of the United States and Latin America
Faropoint
Ohad Porat | Chief Investment Officer

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