The firm acquired 12.6 acres at Rock Hill Drive and Georgia Highway 85 for the future site of the Rock Hill Distribution Center, a 180,300-square-foot facility located just south of Hartsfield-Jackson Atlanta International Airport. The complex broke ground this week and is expected to be completed in the third quarter of 2021.
The Chicago-based real estate developer had been looking to make the leap into Atlanta since early last year as part of its expansion into the Southeast. For its first Atlanta investment, the firm created as assemblage of vacant land parcels and former residential properties for the site of Rock Hill Distribution Center, acquiring the land from an individual investor for a little more than $1.48 million, or nearly $118,000 per acre.
The tract represents one of the last developable sites in the submarket and an opportunity to develop a distribution center that caters to the requirements of today’s users, Dayton Street Partners said in a statement. The facility has been designed to feature 32-foot clear heights, a high dock door count and an ESFR sprinkler system.
Joe Moriarty, director of acquisitions at Dayton Street Partners, said the firm is actively pursuing additional development and acquisition opportunities in the area.
Lee & Associates assisted Dayton Street Partners and is marketing Rock Hill for lease on behalf of the developer.
See Additional Articles Regarding Rock Hill Distribution Center
CHICAGO BUSINESS JOURNAL : https://www.bizjournals.com/chicago/news/2020/12/10/dayton-street-partners-atlanta-market.html
ATLANTA BUSINESS CHRONICAL : https://www.bizjournals.com/atlanta/news/2020/12/09/dayton-street-partners-atlanta-market.html
CONNECT MEDIA : https://www.connect.media/dayton-street-partners-to-develop-180k-sf-distribution-center-in-metro-atlanta/