Key Takeaways
- • Sagard Real Estate acquired a 400,800-square-foot industrial property at 5070 Phillip Lee Drive SW in Atlanta's Fulton Industrial submarket on behalf of its open-end core-plus real estate fund, expanding the firm's footprint in the strategic logistics corridor.
- • The asset comprises four contiguous warehouse buildings across 15.5 acres along Fulton Industrial Boulevard, positioned two miles from Interstate 20 and four miles from Interstate 285, with direct access to downtown Atlanta and Hartsfield-Jackson Atlanta International Airport.
- • The property is fully leased to a consumer products manufacturer tenant with more than 20 years of occupancy, generating stable cash flows while supporting production and distribution operations for the long-tenured user.
- • The facility features 48 dock-high doors, two ramped drive-in doors, deep truck courts, and multiple ingress/egress points with flexible office configurations and demising walls to accommodate future multi-tenant scenarios.
- • The acquisition reflects Sagard Real Estate's strategic thesis favoring functional industrial assets in established infill locations with durable tenant demand supported by transportation infrastructure, labor availability, and population density.
Summary
Sagard Real Estate, the real estate investment advisory arm of Sagard, a global multi-strategy alternative asset manager, announced the acquisition of a 400,800-square-foot industrial property in Atlanta's Fulton Industrial submarket. The asset, located at 5070 Phillip Lee Drive SW, was acquired on behalf of Sagard Real Estate's open-end core-plus real estate fund and represents a strategic expansion within a market corridor the firm views as positioned for sustained logistics demand.
The property consists of four contiguous warehouse buildings spanning 15.5 acres along Fulton Industrial Boulevard. Its geographic positioning offers meaningful logistical advantages: the site sits approximately two miles from Interstate 20 and four miles from Interstate 285, providing efficient connectivity to major regional transportation networks, downtown Atlanta, and Hartsfield-Jackson Atlanta International Airport. These proximity metrics align with the operational requirements of manufacturing and distribution tenants active in the Southeast.
The asset is fully leased to a consumer products manufacturer that has maintained occupancy for more than 20 years, providing institutional investors with long-duration lease stability and predictable cash flow generation. The facility supports the tenant's production and distribution operations and features 48 dock-high doors, two ramped drive-in doors, deep truck courts, and multiple ingress/egress points—design characteristics suited for high-throughput logistics activity. The property's existing demising walls and flexible office configurations provide optionality for potential future tenant diversification if market conditions shift.
According to Matt DiVito, Managing Director of Acquisitions at Sagard Real Estate, the Fulton Industrial corridor maintains strategic value for manufacturing and distribution users due to its proximity to Atlanta's interstate network, established labor base, and major population centers. John Maurer, Head of U.S. Real Estate Equity at Sagard Real Estate, characterized the acquisition as aligned with the fund's investment thesis targeting functional industrial assets in established infill locations where transportation infrastructure access, labor availability, and population density support durable tenant demand. The firm noted that limited competitive warehouse development underway in the corridor supports long-term value retention for well-positioned assets.
The property consists of four contiguous warehouse buildings spanning 15.5 acres along Fulton Industrial Boulevard. Its geographic positioning offers meaningful logistical advantages: the site sits approximately two miles from Interstate 20 and four miles from Interstate 285, providing efficient connectivity to major regional transportation networks, downtown Atlanta, and Hartsfield-Jackson Atlanta International Airport. These proximity metrics align with the operational requirements of manufacturing and distribution tenants active in the Southeast.
The asset is fully leased to a consumer products manufacturer that has maintained occupancy for more than 20 years, providing institutional investors with long-duration lease stability and predictable cash flow generation. The facility supports the tenant's production and distribution operations and features 48 dock-high doors, two ramped drive-in doors, deep truck courts, and multiple ingress/egress points—design characteristics suited for high-throughput logistics activity. The property's existing demising walls and flexible office configurations provide optionality for potential future tenant diversification if market conditions shift.
According to Matt DiVito, Managing Director of Acquisitions at Sagard Real Estate, the Fulton Industrial corridor maintains strategic value for manufacturing and distribution users due to its proximity to Atlanta's interstate network, established labor base, and major population centers. John Maurer, Head of U.S. Real Estate Equity at Sagard Real Estate, characterized the acquisition as aligned with the fund's investment thesis targeting functional industrial assets in established infill locations where transportation infrastructure access, labor availability, and population density support durable tenant demand. The firm noted that limited competitive warehouse development underway in the corridor supports long-term value retention for well-positioned assets.
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