Le Lézard
Classified in: Business
Subjects: HSP, ASI, BLK, DEI

NewStar Announces Sale of McEver 985 Distribution Center in Northeast Atlanta, Georgia


ATLANTA, June 29, 2023 /PRNewswire/ -- NewStar Asset Management ("NewStar" or the "Company") announced today the sale of McEver 985 Distribution Center (the "Property"), a 214,479 square foot Class A warehouse developed by the Company and delivered in May 2023. Project specifications include a 32' clear height, 34 dock doors with 12 35,000 lb. levelers, 2 drive-in doors, 185' truck court with 30 trailer spaces, and 135 car parks. Choate served as the General Contractor.

Atlanta-based NewStar Announces Sale of McEver 985 Distribution Center in Northeast Atlanta, Georgia

The Property is located in the Northeast industrial submarket of Atlanta, with convenient access to I-985. In addition to serving the broader Atlanta and Southeast logistics economy, the Property sits within a recently developed industrial park featuring projects delivered or underway from Hines, Brookfield, Macquarie and other global industrial investors. The Property is 46 miles northeast of downtown Atlanta and 5 miles south of Gainesville, Georgia, ranked the #1 U.S. housing market by Bankrate in 2023 out of 212 metropolitan statistical areas. The Northeast Atlanta industrial submarket was more than 95% leased through Q1 2023, and T-12 rent growth among the Property's competitive set exceeded 30%.

For more information on NewStar, please contact [email protected].

About NewStar: NewStar Asset Management is a real estate-focused alternative investment and asset management company based in Atlanta, Georgia. For more information visit www.newstar-am.com.

SOURCE NewStar Asset Management


These press releases may also interest you

at 20:12
FLJ GROUP LIMITED RECEIVES NASDAQ DETERMINATION LETTER ON COMPLIANCE PLAN
FLJ Group Limited (the "Company"), today announced that it has received a letter dated April 25, 2024 (the "Determination Letter") from the listing qualifications department staff (the "Staff") of The Nasdaq Stock Market ("Nasdaq"), notifying that...

at 20:05
Compass Minerals Announces Conference Call to Discuss Second-Quarter Fiscal 2024 Results
Compass Minerals , a leading global provider of essential minerals, will release its second-quarter fiscal 2024 results Tuesday, May 7, 2024, after the markets close. The company's president and CEO, Edward C. Dowling Jr., and CFO, Lorin Crenshaw,...

at 20:05
JupiterOne and watchTowr announce partnership to protect business critical assets with broad exposure management capabilities
watchTowr, a leader in external attack surface management (EASM) technology and fuelled by watchTowr Labs, a renowned vulnerability R&D capability, has formed a strategic partnership with JupiterOne. JupiterOne is a leader in cyber asset attack...

at 20:00
Premia Partners announced fee reduction for Premia Vietnam ETF and change of underlying index
Premia Partners, a leading ETF provider from Hong Kong, announces today fee reduction of its Premia Vietnam ETF (the ETF) and change of the underlying index to S&P Vietnam Core Index (USD) NTR (the index) with immediate effect. Total expense ratio...

at 20:00
Taseko Reports First Quarter 2024 Operational Performance and $50 Million of Adjusted EBITDA
This release should be read with the Company's Financial Statements and Management Discussion & Analysis ("MD&A"), available at www.tasekomines.com and filed on www.sedarplus.com. Except where otherwise noted, all currency amounts are stated in...

at 19:45
CONX Corp. Announces Closing of Initial Business Combination
CONX Corp. (the "Company" or "CONX"), completed its previously announced transaction pursuant to the terms of the purchase and sale agreement (as amended by that amendment to the sale and purchase agreement, the "Purchase Agreement"), dated as of...

More news about Business...


News published on and distributed by: