MORROW, GA — Woodmont Industrial Partners, a national developer and owner of industrial properties, announced the sale of the Mt. Zion Industrial Center at 1791 Mount Zion Rd. in Morrow. The 520,000 s/f industrial property, after an extensive capital improvements program, was successfully leased and ultimately sold to RealOp Investments, a commercial real estate investment company, on behalf of an institutional investor.
“Woodmont Industrial Partners continues to actively and strategically expand its footprint into industrial markets along the eastern corridor of the United States,” said Anthony Amadeo, vice president at Woodmont Industrial Partners. “By combining our redevelopment platform with our ground-up development experience we have been able to leverage a value-add approach in a number of states and markets. We successfully executed on our strategy in the greater Atlanta region and we were pleased to sell the newly-positioned asset to a very reputable buyer.”
Woodmont Industrial Partners purchased the Mt. Zion Industrial Center in February 2018 and executed a significant capital improvement program, which included the upgrade of new dock equipment, office upgrades, life safety system improvements, floor upgrades, interior and exterior painting and new landscaping. Property features include: 72 dock doors, two drive-in doors, 22-foot clear heights, a 5-inch-thick floor and parking for 110 trailers and a new roof.
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