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Dossche Holdings Sells 2 in Atlanta for $117M

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The properties are part of the 2 million-square-foot Greenpoint Industrial Park. The post Dossche Holdings Sells 2 in Atlanta for $117M appeared first on Commercial Property Executive.

Greenpoint Industrial Park Buildings II and IV. — Dossche Holdings developed buildings II & IV at the Greenpoint Industrial Park for light manufacturing and warehouse use. Image courtesy of JLL Capital Markets

Dossche Holdings has sold two industrial buildings totaling nearly 1.2 million square feet in Dalton, Ga., for $116.5 million. A joint venture of LX Pantos and Korea Ocean Business Corp. purchased the assets.

JLL represented the seller, while the joint venture buyer was advised by IGIS Asset Management.

Developed by Dossche and part of the Greenpoint Industrial Park, the two fully leased, Class A assets are 128 Innovation Drive and 342 Innovation Drive, measuring 603,166 and 573,578 square feet, respectively. The former came online in 2023, while the latter was completed in January last year.

Both buildings offer 36-foot clear heights, energy-efficient roofing, ESFR sprinkler systems, expansive truck courts and a combined 195 dock-high loading positions.

The 2 million-square-foot Greenpoint Industrial Park comprises six buildings and spans 120 acres. Dossche broke ground on the first phase back in 2021, which included the development of three single-tenant buildings. The second and third phases comprised the construction of the two larger, multi-tenant properties that now changed hands.

Back in 2023, Dossche also sold the three buildings that were completed in the first phase to a joint venture between Brennan Investment Group and Global Gate Capital. JLL Capital Markets represented Dossche in that transaction as well.

JLL Capital Markets Senior Managing Directors Dennis Mitchell and Britton Burdette, Managing Directors Jim Freeman and Maggie Dominguez led the Investment Sales and Advisory team which brokered the recent transaction, working on behalf of the seller.

Located on Duckworth Road in Atlanta’s Dalton submarket, the industrial park is near Interstate 75, which allows easy access to the Atlanta metropolitan area and the Midwest region. The property is also near the Appalachian Regional Port, providing access to intermodal transportation options.

Atlanta’s industrial sector performed well in 2024

Atlanta’s industrial sector showed continued growth last year, with both transaction activity and its pipeline posting growth on a year-over-year basis. The metro’s industrial investment volume reached roughly $2 billion last year, about $100 million more than in 2023. Properties traded on average for $108 per square foot.

Developers had 8.2 million square feet of industrial space under construction as of December across the metro. A total of 26 properties came online last year, totaling almost 9.3 million square feet—about 1.6 percent of the metro’s total inventory.

The post Dossche Holdings Sells 2 in Atlanta for $117M appeared first on Commercial Property Executive.