November 12, 2018
Children’s Healthcare of Atlanta Leases 114,000 SF at Stone Mountain Industrial Park
Ackerman & Co. industrial leasing team completes lease with non-profit healthcare organization at 1578 Litton Drive
ATLANTA, November 12, 2018 – Ackerman & Co. has completed a 114,000-square lease with Children’s Healthcare of Atlanta (CHOA) in the company’s Stone Mountain Industrial Park at 1578 Litton Drive, located 10 miles from CHOA’s new, state-of-the-art North Druid Hills campus.
Ackerman & Co. industrial brokers Brett Buckner, Jimmy Stevens and Major Martin represented Ackerman in the lease. Brandon Wallace of Cushman & Wakefield represented the tenant.
Children’s Health Care of Atlanta has converted the space into a replication of a hospital wing to test systems and procedures for doctors and nurses.
The facility is part of the 4.1 million-square-foot Stone Mountain Industrial Park portfolio Ackerman acquired in December 2016. Located just outside the I-285 Interstate perimeter of Atlanta in the Tucker/Stone Mountain submarket, Stone Mountain Industrial Park offers a mix of front, rear and side-load warehouse facilities.
Ackerman & Co. has recently closed three leases totaling 274,800 at the park, bringing total occupancy to 94 percent, up from 84 percent at the time of acquisition.
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 37 million square feet of office, medical, industrial, retail and mixed-use space, has 8 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information, visit www.ackermanco.com