Marcus Partners Acquires 538,500-SF Industrial Asset in Atlanta

Marcus Partners, a real estate investment, management, and development firm, has acquired Creekside Distribution Center, a 538,500-square-foot Class A industrial asset in Atlanta, Georgia. The acquisition represents the firm's first Atlanta industrial asset and advances its Southeast expansion strategy.

Delivered in 2016, the property is strategically located within a 10-minute drive of I-285 (the Perimeter), I-85, and I-75, providing direct connectivity to the Atlanta MSA and the greater Southeast. The facility also benefits from similar proximity to Hartsfield-Jackson Atlanta International Airport, one of the nation's most important passenger and logistics hubs.

Property Details and Lease-Up Opportunity

At closing, Creekside Distribution Center was 77% leased to globally recognized tenants, with 124,500 square feet of near-term lease-up opportunity. The site includes up to 9.3 acres of additional land, supporting Industrial Outside Storage (IOS) or complementary uses.

The acquisition adds to Marcus Partners' track record of owning or developing over 8 million square feet of industrial properties. The firm's portfolio spans industrial, multifamily, and other property types where it pursues value-creation strategies.

Strategic Rationale

"Creekside's infill location, highly functional design, and flexible site characteristics align well with our strategy of acquiring well-located assets where operational execution and active leasing can drive long-term value," said Andrew Dolinsky, Partner of Marcus Partners. "This acquisition reflects our conviction in Atlanta as one of the premier industrial markets in the country and advances our ongoing Southeast expansion."

About Marcus Partners

Marcus Partners is a vertically integrated real estate firm with a team that has a 30-plus-year history of successful investment, management, and development. The firm is headquartered in Boston, with regional offices in Metro New York and the Mid-Atlantic.

The firm pursues strategic and opportunistic investment strategies across industrial, multifamily, and other property types where it can create value and maximize risk-adjusted returns. Marcus Partners and its affiliates currently own, control, operate, or are developing more than 8 million square feet of real estate and 4,100-plus multifamily units.