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Colliers Facilitates Class-A Industrial Warehouse Transaction in Chamblee North Business Center

Prime location, amenities and increasing rental rates signify a successful investment for Colliers’ clients.

 
ATLANTA – January 6, 2022 – Leading diversified professional services and investment management company Colliers recently supported Chamblee Business Center Associates through the sale of their Class-A industrial warehouse, spanning two buildings and totaling over 195,500 SF. Strategically located inside Interstate 285 (Atlanta’s perimeter highway) and north of Interstate 85 in the Chamblee area of Atlanta, the portfolio is one mile from a full diamond interchange at the intersection of Interstate 285 and Peachtree Industrial Boulevard, providing excellent access to metropolitan Atlanta. Senior Vice Presidents, Todd Harrell and Hank Hall, with Colliers Atlanta, were retained exclusively to present this extraordinary opportunity to acquire a unique, last-mile industrial portfolio with an irreplaceable infill location. 

“This asset presented a unique opportunity to acquire a Class-A true industrial infill portfolio,” said Harrell. “Coupled with its fantastic location is the rare feature of outside storage and parking, which is not commonly found in tight infill locations. Building 100 has a long-term GSA lease in place and Building 200 has a strong tenant mix with near-term rollover creating value with ever-increasing rental rates.”

Richland Capital Holdings, a TampaCalifornia-based commercial and industrial property investment team, focused on identifying, evaluating, negotiating, closing and managing assets, purchased the property. They intend to continue operating the property using the space as an industrial warehouse asset. 

Chamblee Business Center’s Building 100 and Building 200 are located at 3719 N Peachtree Road, Chamblee, GA. Besides offering convenient access to metropolitan Atlanta and rare features, this property is located near the heart of downtown Chamblee, a vibrant infill neighborhood in the Northern DeKalb County area of metro Atlanta. Chamblee has experienced rapid expansions since the turn of the century and its population has more than tripled. As a result, the area has benefited from a wave of investment and development to accommodate Chamblee’s influx of new residents. By way of a significant surge in institutional investments, Chamblee is rapidly transforming into a dynamic live-work-play district. As this wave continues to expand, the Property will be centrally located relative to two massive mixed-use districts under construction (Chamblee Town Center to the south and Assembly Yards to the north, which will now be home to Georgia’s largest film studio) — both are easily accessible via the Chamblee MARTA station. 

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Todd Harrell

Senior Vice President

Atlanta

Mr. Harrell is Senior Vice President Investments with Colliers International and, specializing in office and industrial investment sales.

During his fifteen years in the commercial real estate business, Mr. Harrell has been involved in the sales and leasing of industrial, flex, and office properties in the Atlanta and Southeast markets. Mr. Harrell works extensively with REITs, institutions, private equity, individual investors, and owner/operators to procure the best possible outcome for their acquisition/disposition needs.  Mr. Harrell provides clients with expertise in asset management, portfolio analysis, site selection, lease advisory and consulting. Mr. Harrell supports a client base that ranges from Fortune 100 companies, financial institutions, major national and international corporations, government agencies and national and local entrepreneurs. Over his career he has generated an excess of $500 million in transactional sales volume.

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Hank Hall

Senior Vice President, Principal

Atlanta

Hank Hall is a Senior Vice President with Colliers International and former Service Group Leader of the Capital Markets Group in the Atlanta office. Providing capital solutions to real estate developers and investors, Mr. Hall has experience in arranging debt and equity financing for office, industrial, multifamily, retail, and hotels properties in the Southeast.

Mr. Hall has 31 years of real estate capital markets transaction experience. Total production is $2.58 billion. Previous work experience includes employment as Assistant General Counsel for The Portman Companies.

 

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