4q 2011 | atlanta i-20 w fulton industrial | market report
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NEW SUPPLY, ABSORPTION AND VACANCY RATES
SUBMARKET REPORTATLANTA
www.colliers.com/atlanta
MARKET INDICATORS
Q4 2011 | I-20W/FULTON INDUSTRIAL
I-20
West/
Fulton Ind
TRENDS & HIGHLIGHTS
8%
9%
10%
11%
12%
13%
14%
15%
16%
(400,000)
(200,000)
0
200,000
400,000
600,000
800,000
1,000,000
4Q10 1Q11 2Q11 3Q11 4Q11
Absorption Deliveries Vacancy
Total SF 90,909,346
Vacancy Rate 15%
YTD Net Absorption 15,424
YTD Deliveries 0
Under Construction 0
Avg. Warehouse Rate $2.99 NNN
UPDATE Recent Transactions in the Market
SALES ACTIVITY
PROPERTY ADDRESS SALE PRICE SIZE SF PRICE / SF BUYER
6555 Fulton Industrial Blvd. $12,375,000 375,000 $33.00 KTR Capital PartnersAtlanta Ind Park - 6 prop. $10,000,000 317,764 $31.47 Cobalt Capital Partners660 Campbell Ct. $7,390,000 223,968 $33.00 KTR Capital Partners4785 Fulton Industrial Blvd. $5,125,000 342,400 $14.97 Waste Pro USA
LEASING ACTIVITY
TENANT PROPERTY ADDRESS SIZE SF TYPE
New Breed Logistics 5400 Fulton Industrial Blvd. 439,487 Warehouse Lease
Allied Aerofoam 605 Selig Dr. 170,000 Warehouse Lease
Best Warehouse & Trans. 6255 Fulton Industrial Blvd. 120,960 Warehouse Lease
Core-Mark International 3655 Atlanta Ind. Dr. - 100 67,238 Warehouse Lease
• Following three consecutive quarters of negative absorption, the I-20 West/Fulton Industrial submarket saw market conditions improve in the fourth quarter with almost 400,000 SF absorbed. The largest move-in was Czarnowski Display services which occupied 569,673 SF at 7545 Hartman Industrial Way; basically accounting for all of the positive activity.
• I-20 West/Fulton Industrial has been slower to recover than Atlanta’s two largest industrial submarkets. Whereas vacancy rates have shown some downward trend in South Atlanta and Northeast Atlanta, the overall vacancy rate for I-20 West/Fulton Industrial has remained level.
• IDI recently announced it will begin construction of Atlanta’s fi rst spec industrial building since 2008 in the submarket at Riverside Business Park. The building will be 650,000 SF.
Squa
re F
eet
Q4 2011Projected
Q1 2012
VACANCY
NET ABSORPTION
CONSTRUCTION —
RENTAL RATE —
Source: CoStar Property, Colliers Research
UNITED STATES:
Colliers InternationalTwo Midtown Plaza | Suite 11001349 West Peachtree Street, NEAtlanta, Georgia, 30309TEL +1 404 888 9000FAX +1 404 870 2845
COLLIERS INTERNATIONAL
ATLANTA INDUSTRIAL SPECIALISTS:
This market report is a research document of Colliers International. Information herein has been deemed reliable and no representation is made as to the accuracy thereof. Colliers International-Atlanta, Inc., and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies with over 512 offi ces throughout more than 61 countries worldwide.
www.colliers.com/atlanta
Accelerating success.Accelerating success.
COLLIERS INTERNATIONAL I-20 WEST/FULTON INDUSTRIAL LISTINGS
FOR SALE
# PROPERTY SF AVAIL. BROKER(S)
6 6355 Boat Roack Blvd. 296,290 Scott Plomgren
9 100 Doris Williams Industrial 90,000 Chris Cummings / Sean Boswell
10 5125 Fulton Industrial Blvd. 149,386 Chris Cummings / Sean Boswell
15 5020 Bakers Ferry Rd. 45,089 Scott Plomgren
HamiltonE. Holmes
strial B
lvd
Cascade Rd
Frwy
CampbelltonRd
Cam
p C
reek
Pkw
y
New Hope Rd
Melvin Dr
Chi
ldre
ss D
r
Panther Trail
Kim
berly
Rd
Danforth Rd
Riverside
Dr
Fulton In
dustrial B
lvd
Boulder Park Dr
Benjamin E Mays Dr
S Gordon Rd
Old Alabama Rd
Mableton Pkwy
Pisgah RdOld Alabama Rd
Fontaine RdClay Rd
Jam
es R
d
Bankhead Hwy
Queen
s Mill
Rd
Bankhead
Oakdale Rd
Summerfield DrJam
es JacksonPkw
y
Hillcrest Dr
Bolto
n Rd
B
Hollyw
ood Rd
Cascade Rd
RiversidePkwy
Boat Rock Blvd
La G
rang
e B
lvd
Andrews Dr
MLK
Jr D
Rivers
ide
PkwyFac
toryShoals Rd
Douglas Hill Rd
White Rd
Six Flags Rd
Six Flags DriveBlair Bridge
Rd
S Gordon Rd
Six FlagsRd
Fairb
urn
Rd
Collier Dr
Bakers FerryRd
JohnsonFerry Rd
Peyt
on Rd
Northwest
Dr
Cooper L
ake
Rd
Rock House Rd
Cam
p Creek
Fai rb
urn
Rd
Pkwy
Hwy
SouthwestHospital
Six FlagsOver Georgia
Fulton CountyAirport -Brown Field
CascadedecccadCaCa deaHeightsHe ghtstsHHeeHeHeH tsHee
Chattah
oochee
River
CascadeSprgs NaturePreserve
SandtownPark
MelvinDrivePark
TrammellCrow Park
NickajackPark
WilsonMill Park
Alfred TopHolmes Golf
Course
WallacePark
Park
WhittierMill Park
FULTONCOUNTY
DOUGLASCOUNTY
1
2
3
4
5
6
7
8
9
10
11
12
13
512 offi ces in 61 countries on 6 continentsUnited States: 125Canada: 38Latin America: 18Asia Pacifi c: 214EMEA: 117
• $1.5 billion in annual revenue
• Over 2.2 billion square feet under management
• Over 13,000 professionals
FOR LEASE
# PROPERTY SF AVAIL. BROKER(S)
1 120 Interstate West Pkwy. 14,400 Sean Boswell / Chris Cummings
2 780 Douglas Hill Rd. 107,000-215,025 Sean Boswell / Lee Cardwell
3 9000 Riverside Pkwy. 259,954-542,491 Scott Plomgren / Price Weaver / Sean Boswell
4 6215 Fulton Industrial Blvd. 15,824 Scott Plomgren
5 7705 Staples Dr. 585,000 Sean Boswell / Scott Plomgren
6 6355 Boat Rock Blvd. 296,260 Scott Plomgren
7 5000 Westpark Dr. 32,784 Scott Plomgren
8 4530 Patton Dr. 16,000-26,000 Scott Plomgren
9 100 Doris Williams Industrial 90,000 Chris Cummings / Sean Boswell
10 5125 Fulton Industrial Blvd. 149,386 Chris Cummings / Sean Boswell
11 6070 Fulton Industrial Blvd. 227,600 Scott Plomgren / Price Weaver / Sean Boswell
12 777 Douglas Hill Rd. 217,603 Scott Plomgren / Price Weaver / Sean Boswell
13 5320 Fulton Industrial Blvd. 30,135 Scott Plomgren / Price Weaver / Sean Boswell
14 6150 Lagrange Blvd. 70,501 Scott Plomgren / Price Weaver / Sean Boswell
14
15
Marty Arnold Scott Plomgren
Douglas Biggs Darren Ross
Jill Bomar Henry Sawyer
Sean Boswell Ryan Sawyer
Bill Buist Mike Spears
Lee Cardwell Rick Vaughn
Chris Cummings Price Weaver
Ben Logue
MARKET REPORT | Q4 2011 | ATLANTA INDUSTRIAL | I-20W/FULTON INDUSTRIAL
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