Atlanta Property Group, a full-service real estate firm based in Atlanta, Georgia, announced April 25 it purchased a 173,000-square-foot, Class-A distribution building in Greenville for an undisclosed sum.
Constructed in 2004, the property at 6 Shelter Drive features tilt wall construction, 32-foot clear heights, a 140-foot truck court and an early suppression fast response sprinkler system. The building is currently 100% leased.
“We are pleased to acquire our first industrial building in this established industrial market and believe in its long-term fundamentals,” said Smith Haverty, partner at APG. “We are confident that distribution users will continue to choose Greenville due to its strategic location along I-85, growing population, business friendly climate, and favorable position to benefit from expected reshoring initiatives. As we continue to expand our portfolio, this acquisition reinforces our commitment to acquire properties in fast-growing regions in the Southeast.”
APG plans to invest $100 million of committed equity into existing distribution properties in the Atlanta, Charlotte, Greenville, Savannah, Nashville, Raleigh and central Florida markets by the end of 2025. For more information, visit atlantapg.com.
