Birmingham, Ala.-based GCP secured a five-year renewal and 40 percent expansion of Zodiac Services Americas’ lease at the Air Commerce property in College Park, Ga. The subsidiary of Paris-based Zodiac Aerospace Group now occupies 100 percent of the 144,960 square-foot building. Bradley Dunn with Stream Realty represented GCP and Chip Watson with Avison Young represented Zodiac in the deal.
“We’re proud that our industrial facilities are strategically located to support suppliers to the world’s busiest airport,” said Gardner Lee, President of GCP. “Our company’s lease retention team is having a lot of success, and we’re looking forward to continued growth in Atlanta and beyond.”
Zodiac Services Americas manufactures and distributes aircraft and automotive parts and equipment for commercial, regional and business craft, as well as helicopters and space applications.
GCP acquired the Air Commerce property in 2016 as part of a larger portfolio acquisition in the Atlanta market. GCP now owns approximately 1.6 million square feet of industrial real estate in Atlanta with plans for continued expansion in the coming months. GCP invests in the Southeast and is growing in markets where fast population growth is creating long-term demand for manufacturing and logistics facilities.
The Birmingham, Ala.-based GCP platform controls strategically located midsize bulk distribution properties in fast growing markets across the Southeast. GCP owns facilities that meet the needs of
e-commerce, logistics and manufacturing companies operating in the global supply chain and concerned with moving goods that critical last mile. For more information, please visit www.gcprei.com.