Georgia Power Drops Nearly $100M On Industrial Building: This Week’s Atlanta Deal Sheet
Georgia Power just delivered a bolt of energy to Atlanta’s industrial sales market.
The utility company purchased River Park 10, an 825K SF warehouse in Jackson, roughly 40 miles south of Downtown Atlanta, for $88.1M from the development team of Waterloo Partners and ICM Property Group, according to Butts County property records.
Thornton Kennedy, a spokesperson for the sellers, said the actual sale price was $94.75M. ICM Managing Director Spencer Patton identified the buyer as an “owner-user who intends to occupy the entire building” in a press release.
Georgia Power just delivered a bolt of energy to Atlanta’s industrial sales market.
The utility company purchased River Park 10, an 825K SF warehouse in Jackson, roughly 40 miles south of Downtown Atlanta, for $88.1M from the development team of Waterloo… Read MoreBisnow News Feed
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