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"This was a rare opportunity to purchase an industrial facility at below replacement cost occupied by a strong credit tenant." Evan Ziegler, Senior Vice President of Investments, Ackerman & Co.
ATLANTA, GA, December 17, 2021 /24-7PressRelease/ -- Ackerman & Co. announced today it has purchased a 102,856-square-foot distribution and manufacturing facility at 134 Janus International Blvd. in Temple Ga., for $6.75 million. Occupied entirely by Janus International Group, the facility is located in metro Atlanta's I-20 West/Douglasville submarket less than one mile from a full-diamond I-20 interchange.
Ackerman & Co. also completed a 10-year lease extension with Janus, which is a leading manufacturer of self-storage and commercial industrial doors and storage facility components. Daniel Levison of CRE Holdings represented Ackerman in the acquisition, and Neal Shiver of King Industrial Realty represented the private seller. Brett Buckner, Senior Vice President in Ackerman's Industrial Services group, negotiated the lease extension.
"This was a rare opportunity to purchase an industrial facility at below replacement cost occupied by a strong credit tenant," said Evan Ziegler, Senior Vice President of Investments for Ackerman & Co. "With current vacancies at near-record lows in a supply-constrained environment, industrial facilities are in strong demand among national and institutional investors. We're very pleased to complete the lease extension with the tenant and close this acquisition."
Located next to Janus's 217,050-square-foot global headquarters, the 134 Janus International Boulevard facility is a crucial part of Janus's network of distribution and manufacturing facilities in the United States. Janus also has other U.S. locations in Arizona, California, Florida, Indiana, Texas and Washington, as well as in Europe, Mexico, Asia and Australia.
Built in 2001, the building features 24-foot clear heights and is situated on 12 acres. The I-20 West/Douglasville submarket currently has a 1.3% vacancy rate – near its historical low point – and is experiencing solid rental growth.
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 4.5 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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