M id A tlantic Real Estate Journal — Owners, Developers & Managers — April 23 - May 20, 2021 — 25A
www.marej.com
O wners , D evelopers & M anagers
National developer & owner continues to remain active in industrial markets across the Eastern Corridor Woodmont Industrial Partners announces $18m sale of industrial property in Morrow, GA
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Woodmont Industrial ’ s growth goal is to acquire an additional two million square feet of existing value-add op- portunities and/or land for development within the next 12 months in major transpor - tation corridors. Over the last several years, the company has purchased and sold nearly five million square feet of industrial space strategically located in a number of inter- modal markets along the east coast including New York, New Jersey, Pennsylvania, Georgia, and Florida. About Woodmont Industrial Partners
Woodmont Industrial Part- ners is an affiliate of Fairfield, New Jersey-based Woodmont Properties, a leading verti- cally integrated real estate development and manage- ment firm established in 1963. Woodmont Industrial Part- ners is focused on the acqui- sition opportunities in select, high-barrier-to-entry and globally oriented seaports and inland ports. The continuing mission is to grow a portfolio of high-quality assets via the acquisition of prime proper- ties as well as development of new opportunities in great locations. MAREJ
ORROW, GA — Woodmont Indus- trial Partners , a
n a t i o n a l d e v e l o p e r and owner of industrial propert ies , announced the sale of the Mt. Zion I ndu s t r i a l C e n t e r a t
Anthony Amadeo
1791 Mount Zion Rd. in Mor - row. The 520,000 s/f industrial property, after an extensive capital improvements pro- gram, was successfully leased and ultimately sold to RealOp Investments, a commercial real estate investment com- pany, on behalf of an institu- tional investor. “Woodmont Industrial Part- ners continues to actively and strategically expand its foot- print into industrial markets along the eastern corridor of the United States,” said An- thony Amadeo , vice presi- dent at Woodmont Industrial Partners. “By combining our redevelopment platform with our ground-up development experience we have been able to leverage a value-add ap- proach in a number of states and markets. We successfully executed on our strategy in the greater Atlanta region and we were pleased to sell the newly-positioned asset to a very reputable buyer.” Woodmont Industrial Part- ners purchased the Mt. Zion Industrial Center in Febru- ary 2018 and executed a sig - nificant capital improvement program, which included the upgrade of new dock equip- ment, office upgrades, life safety system improvements, floor upgrades, interior and exterior painting and new landscaping. Property fea- tures include: 72 dock doors, two drive-in doors, 22-foot clear heights, a 5-inch-thick floor and parking for 110 trail - ers and a new roof. The buyer was represented by Brandon Abdelnour , director of investment sales at Encore Real Estate In- vestment Services , in the transaction. Mt. Zion Industrial Cen- ter is strategically located 10 miles from growing the Hartsfield-Jackson Atlanta International Airport and less than 20 miles fromDowntown Atlanta and provides easy ac- cess to Interstate 75.
1791 Mount Zion Rd.
Woodmont Industrial Partners develops, builds, renovates, markets and manages a growing portfolio of strategically located port/intermodal industrial properties in the Eastern United States. We acquire value-add and core-plus properties, which we reposition through capital improvement and/or redevelopment initiatives. We also specialize in ground-up industrial development opportunities. Woodmont is committed to its real estate community brokers and their expertise in contributing to the acquisition and development process.
Building Excellence Since 1963
WOODMONT PROPERTIES 100 Passaic Avenue, Suite 240, Fairfield, New Jersey 07004 Tel: 973.316.9400 | Woodmontproperties.com
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