-Braselton 85 Fully Leased to Korean Automotive Supplier
ATLANTA, Ga. – July 15, 2021 – Rockefeller Group, the U.S. real estate developer, owner and operator, announced today that it has sold a 222,618-square-foot speculative distribution center in Braselton, Ga. to Cabot Properties. The building is fully leased to Duckyang America Inc., a Korean automotive equipment supplier who is using the building for warehousing and light manufacturing. Located on Broadway Avenue along the I-85 North corridor in the North Atlanta submarket, Braselton 85 broke ground in fall 2020 and was completed in March.
“Duckyang’s lease at Braselton 85 and Cabot’s purchase of the building shows that demand for new Class-A industrial space in Atlanta remains strong heading into the second half of 2021 and that Atlanta and its suburbs are a key distribution hub for both national and international companies,” said Steven McGee, Director, Southeast Development for Rockefeller Group. “Braselton 85’s location along I-85 where a number of major manufacturers have recently begun operations, made it ideal for Duckyang and investors like Cabot.”
McGee said interest in the building was significant since the company purchased the site in 2019. The newly built modern state-of-the-art facility includes an ESFR sprinkler system, 26 on-site trailer drops, 134 auto parking spaces, 47 dock doors with two drive-in doors, 32′ clear height, 185′ truck court with 60′ concrete apron and LED lighting. The project’s proximity to Atlanta and the broader Southeast United States, combined with access to skilled labor, drove demand from a variety of prospective users.
Duckyang America Inc. manufactures and distributes cockpit modules, instrument panels and door trims for the automotive industry. The company took occupancy in March.
“Cabot is very pleased to be expanding our industrial portfolio in Atlanta where we currently have one building under ownership,” said Michael E. McCarthy, Managing Director, Investments, Eastern Region for Cabot Properties. “We look forward to having Duckyang as a valued tenant for years to come and want to thank Rockefeller Group for delivering a quality building fully leased to one of the top suppliers to the electric vehicle industry.”
Stewart Calhoun and Casey Masters of Cushman & Wakefield represented the seller, Rockefeller Group, in the transaction. Atlanta-based Pattillo Construction was the general contractor on the project.
About Rockefeller Group
Rockefeller Group develops, owns and operates extraordinary properties across the United States. For nearly a century, the company has delivered exceptional experiences and value creation through dedication to quality in the built environment. The company’s portfolio spans the development of office, multifamily, industrial and mixed-use projects across six geographic regions as well as significant ownership interest in and management of approximately six million square feet of world-class office space in Manhattan. Visit RockefellerGroup.com.
About Cabot Properties
Cabot Properties is an international private equity real estate investment firm exclusively focused on industrial properties. Formed in 1986, the firm is a leading investor, developer and operator of industrial properties throughout North America, the United Kingdom, Europe and Australia. Cabot has invested over $12 billion in industrial real estate, managed nearly 4,000 tenants, and operated over 1,500 buildings totaling more than 200 million square feet. Cabot is headquartered in Boston with affiliated offices in London, Sydney, Dallas and Chicago.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit http://www.cushmanwakefield.com or follow @CushWake on Twitter.