DHL Leases 193K Square Feet at Fairburn 85 in Atlanta, GA
DHL Leases 193K Square Feet at Fairburn 85 in Atlanta
Denver, Colorado (July 7, 2016) – Ascentris, a Denver-based real estate investment manager, on behalf of one of its public retirement system clients, announced today the execution of a 193K square foot lease with DHL, a global logistics leader, at Fairburn 85. Fairburn 85 is a 318K square foot, Class A distribution facility in the I-85 South submarket of Atlanta. The property was developed on a speculative basis by Ascentris, in partnership with Huntington Industrial Partners and Trammel Crow Company, and was completed in late 2015.
Fairburn 85 is located approximately 14 miles south of Harfield Jackson International Airport, features a cross-docking configuration, 32’ clear height, and abundant trailer parking. DHL will lease 60% of the building and will take occupancy immediately following completion of its tenant improvements in 1Q-2017.
“The Atlanta industrial market continues to perform exceptionally well and the leasing of 193K square feet to DHL at Fairburn 85 is a testament to that strength. The DHL lease results in a front-loading 125K square foot vacancy with trailer parking and a great storefront presence right off Spence Road, which we believe will be very attractive to prospective tenants,” said Ascentris Managing Director Tricia Noble.
Todd Barton and Trey Barry of CBRE represented the landlord and Chris Tomasulo and Bill Kee of JLL represented the tenant.
About Huntington Industrial Partners
Huntington Industrial Partners is an industrial real estate operating company with a strategic focus on acquiring and developing infill industrial properties in select U.S. markets. Huntington has offices in Atlanta, Dallas, Houston and Denver that are staffed by local teams with extensive industrial experience, local market knowledge and established networks of market contacts.
About Trammel Crow Company
Trammell Crow Company, founded in Dallas, Texas in 1948, is one of the nation’s oldest and most prolific developers of, and investors in, commercial real estate. Throughout its history, Trammell Crow Company has developed or acquired more than 2,600 buildings totaling 565M square feet and representing more than $60B in value. The company invests in all major real estate property types and has offices in 16 major cities across the U.S.