September 28, 2023
Newtimes Group Leases 113,629 SF at East Park Distribution Center
Ackerman & Co. completes lease at Class A facility it acquired earlier this yearin Atlanta’s I-20 East corridor.
Atlanta, September 28, 2023 – Ackerman & Co. has completed a 113,629-square-foot lease with Newtimes Group at East Park Distribution Center, a Class A distribution facility in Conyers, Ga. Newtimes is expected to take occupancy in fourth-quarter 2023, using the space as its new regional headquarters and supply chain hub for the sports apparel and accessories that it distributes.
Ackerman & Co. Senior Vice President Brett Buckner represented ownership in the lease, and Ackerman & Co.’s Chris Miller and Harris Tessler represented Newtimes. Ackerman acquired the 212,232-square-foot East Park Distribution Center in May.
“It was a pleasure working with Ackerman to achieve a result that will help further build the infrastructure of the Newtimes Group,” said Michael Bernstein, Senior Director at Newtimes Group.
Added Ackerman’s Brett Buckner: “East Park Distribution Center provides Newtimes highly efficient, Class A space for their regional distribution operations, along with convenient access to I-20 and Atlanta’s extensive interstate system. We’re very pleased to complete this lease to accommodate the distribution needs of this global supply chain leader.”
The Newtimes lease signing leaves 98,603 square feet available for lease in the facility, with space options starting at 50,000 square feet.
Positioned in the I-20 East distribution corridor in Rockdale County, the newly built East Park Distribution Center is close to I-20 (2 miles), providing convenient access to Atlanta’s dense consumer submarkets to the east as well as regional connectivity.
Located at 2020 East Park Drive, the rear-load facility features 32-foot clear heights, two drive-in dock doors, more than 200 auto parking spaces, and a truck court with 41 parking spaces. The building also offers multiple access points off of East Park Drive, with separate auto and truck access.
Ackerman & Co. has extensive experience developing industrial projects in the I-20 East corridor and across the South, including several new projects in Texas.
About Newtimes Group of Companies
Newtimes Group specializes in the sourcing, product development and supply chain management of apparel, accessories and home products for export to North America, Central America, South America and Europe. Over the last 60 years, Newtimes has grown to become one of the world’s largest professionally managed supply chain managers. Substantial investments were made over the last five years when the Group took on the additional role as a brand owner of Coldwater Creek, Bike Athletic, Robert Talbott, Brass Clothing and Encore by Idina Menzel.
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 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than $2 billion of office, medical, industrial, retail and mixed-use space and has more than 4 million square feet under management, with a growing focus on self-storage investments. For more information, visit www.ackermanco.com
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