July 3, 2009
Logistics Firm Inks 100k in Fulton Industrial
ATLANTA (July 3, 2009) – Ackerman & Co. has inked a deal with Jerich USA to occupy 106,000 square feet at Gateway Distribution Center, pushing up occupancy to 75% at the property the real estate firm acquired in January.
Jerich USA, a New Jersey third-party logistics firm, is opening its first Atlanta location to serve its client Sappi Paper Company. Jerich signed a 5-year deal at 6047 Fulton Industrial, in the two-building, 410,000-square-foot distribution warehouse on Fulton Industrial Boulevard near the intersection of Fulton Industrial and Camp Creek Parkway.
Mike Martin, Senior Vice President, and Kate Sharp, Vice President, both with Ackerman, brokered the deal for the landlord. Bob Kontur with UGL Equis represented Jerich.
Ackerman Gateway LLC – a private investment group formed to purchase the property and managed by Ackerman & Co. – bought Gateway in January for $6 million from a fund managed by ING Clarion. At the time, the property was half leased.
“A driving factor in Jerich’s decision had to do with the CSX rail line that directly serves the property,” said Ackerman’s Martin. “We’re seeing a lot of momentum at this property and are in talks with two other firms.”
— ABOUT ACKERMAN —
Headquartered in Atlanta, Ackerman & Co. is one of the oldest full-service commercial real estate companies in the southeastern United States. Our expertise in four primary disciplines —brokerage, development, investment and management — enables us to quickly and effectively respond to our clients and create value through innovative real estate solutions.