McDonald Development Co Sells Two Net-Leased Warehouse/Distribution Properties
McDonald Development Co. has sold two class A, bulk warehouse/distribution buildings totaling 852,800 square feet in SouthPark Business Park in the Airport/South Atlanta submarket.
The buildings include Southpark 4600, a 400,000-SF cross-dock facility under a 10-year term lease to FedEx SmartPost, a subsidiary of FedEx corporation; and Southpark 3100, a 450,000-SF cross-dock building under a 12-year term lease with consumer electronics/appliance retailer BrandsMart USA.
Members of the Cushman & Wakefield group that marketed the two buildings were Executive Director Stewart Calhoun; Executive Director David Meline; Associate Director Samir Idris; Senior Financial Associate Casey Masters; and Brokerage Associate Darice Fichter Rose.
The buyer was LaSalle Investment Management Inc., a global real estate investment manager. The purchase price was undisclosed.