Stewart Calhoun and Casey Masters of Cushman & Wakefield represented the seller in the transaction, a partnership between affiliates of Westmount Realty Capital and Quilvest Capital Partners. Brian Linnihan and Mike Ryan of Cushman & Wakefield secured acquisition financing on behalf of the buyer, CIP Real Estate.
Gwinnett Commons offered an opportunity to acquire 13 premier last-mile buildings in the largest and most institutionally-owned industrial submarket in the Southeast. Additionally, the three single-story flex buildings included in the sale presented a prime value-add opportunity.
The 16-building master-planned park also includes two rare infill development sites that are zoned M-1, ideal for modern warehouse development, which can support a total of 195,000 square feet. Gwinnett Commons is located eight miles from Interstate 285 and sits between three major Interstate 85 interchanges – Beaver Ruin Road, Steve Reynolds Boulevard, and Pleasant Hill Road.
Currently the 16 buildings are 97% leased, offering the ultimate irreplaceable light industrial offering in Atlanta’s most popular small bay submarket. Its prime location provides real ‘last mile’ companies unparalleled proximity to service Atlanta’s population base of over 6 million people. It is also central to Gwinnett County, a perennial growth leader in metro Atlanta.