Real Estate

Granite Buys 1 Msf Greater Atlanta Area Industrial Facility

by cpexecutive.com posted 5months ago 17 views
The REIT also upsized its credit facility to $1 billion and extended its maturity date by 5 years. : Granite Real Estate Investment Trust has acquired a 1 million-square-foot industrial facility in Locust Grove, Ga., for roughly $68.5 million and at an in-going yield of 3.8 percent. CommercialEdge data shows the property was, until recently, owned by an entity affiliated with Scannell Properties. Located at 3090 State Highway 42 on an 85.6-acre site, the asset is adjacent to Interstate 75, less than 30 miles from Hartsfield-Jackson Atlanta International Airport and a little over 40 miles from Norfolk Southern Intermodal Yard.

In this article