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Uline acquired the building, the largest industrial facility Ackerman has developed to date, as part of a purchase option in its 10-year lease.
ATLANTA, GA, December 03, 2018 /24-7PressRelease/ -- Ackerman & Co. announced today it has sold 1,000,821-square-foot Braselton Logistics Center to Uline Inc. The national shipping and business supply company purchased the Class A, bulk distribution center for $70,022,100 (approximately $70 per square foot) from Ackerman and its joint-venture development partners, The Yates Group and JAC Real Estate Investments.
Uline acquired the building, the largest industrial facility Ackerman has developed to date, as part of a purchase option in its 10-year lease. It has occupied the distribution facility since late 2017.
The company operates its consolidated Southeast distribution operations from Braselton Logistics Center. Located at 705 Braselton Industrial Boulevard in Braselton, Ga., the cross-dock facility's design features include extra-high 40-foot clear heights, Ductilcrete warehouse flooring, a white TPO roof with skylights and LED high-efficiency lighting.
Braselton Logistics Center is situated in Atlanta's Northeast/Interstate 85 industrial submarket, one of the largest and most strategically positioned industrial hubs in the Southeast. Interstate 85, the region's major north-east highway, is accessible via two equidistant diamond interchanges 1.5 miles away from the facility. The diverse mix of tenants surrounding Braselton Logistics Center includes Mizuno, Hitachi, Whole Foods Markets, Havertys, Carters and Kichler.
About Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired 37 million square feet of office, medical, industrial, retail and mixed-use space, has nearly 8 million square feet under management and maintains an investment portfolio valued at $1 billion. For more information, visit www.ackermanco.com
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