As Vacancy Soars In Atlanta’s New Warehouses, Investors Smell Opportunity
Robinson Weeks Partners, the firm best known for redeveloping the former Army base Fort Gillem into a sprawling industrial complex, has never raised a fund to buy existing warehouses. Until now.
Atlanta-based Robinson Weeks closed its fifth investment fund last month, raising $150M to acquire existing warehouses across the Southeast and Texas, CEO David Welch told Bisnow. Those markets are seeing millions of square feet of new warehouses deliver completely vacant as demand has dropped, a sign that discounts might soon be had.
“I think today, you’re going to have some various needs for owners to sell buildings, who may not needed to have in the past,” Welch said. Bisnow News Feed