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February 18, 2019

Ackerman & Co. Completes Sale of 40,000 SF Distribution Building in Stone Mountain Industrial Park to Kronos Property Management

Buyer will provide 3PL services from the facility at 2101 Tucker Industrial Road
in Tucker/Stone Mountain submarket of metro Atlanta

ATLANTA, February 18, 2019 – Ackerman & Co. announced today it has sold 2101 Tucker Industrial Road, a 40,000-square-foot industrial building in the company’s Stone Mountain Industrial Park, to Kronos Property Management LLC, for $1.8 million.

The company will provide third-party logistics services from the warehouse, located in metro Atlanta’s Tucker/Stone Mountain submarket.

Ackerman & Co. brokers Brett Buckner, Jimmy Stevens and Major Martin represented Ackerman in the sale of the facility. Patrick Yi of Sunny Home Realty represented the buyer.

Since March 2018, Ackerman has completed the sale of seven buildings in Stone Mountain Industrial Park for $15 million. Located just outside the I-285 perimeter of Atlanta, Stone Mountain Industrial Park offers a mix of front, rear and side-load warehouse facilities of up to 293,000 square feet.

Ackerman & Co. acquired the 4.1-million-square foot Stone Mountain industrial portfolio in November 2015. Since purchase, Ackerman & Co.’s industrial brokerage team has boosted occupancy across the portfolio from 84% to 95%.

About Ackerman & Co.

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 37 million square feet of office, medical, industrial, retail and mixed-use space, has nearly 8 million square feet under management and maintains an investment portfolio valued at $1 billion. For more information, visit www.ackermanco.com