HOUSTON (PRWEB) January 21, 2021
Triten Real Estate Partners (TREP) continues expand their nationwide Industrial Service Facility (ISF) portfolio with an off-market acquisition in Atlanta, GA. One of few real estate investment companies in the Nation focused on the acquisition, development, and re-development of Industrial Service Facilities (ISFs), TREP purchased 33.4 acres of stabilized trailer parking at 2717 Campbell Blvd and 5166 John G Glover Court. The acquisition is part of TREP’s national expansion into major logistics markets and partners with leading trailer leasing companies: Premier Trailer Leasing, Compass Lease and Stoughton Trailers.
The properties are fully stabilized, fenced, and lighted with zoning accommodating truck-related uses. The location is less than a mile off I-675 in one of Georgia’s most heavily traveled trucking corridors and directly adjacent to the 1,168-acre Gillem Logistics Center which makes this an exceptionally ideal location. 2.5 acres of the yard at 5166 John G Glover Court is available for lease.
“We are excited to enter the Atlanta market and partner with well-established trailer leasing firms in mission-critical locations,” says Zach Dobin of Triten Real Estate Partners. “This portfolio of stabilized parking is a great addition to the Triten ISF portfolio where we continue to see increasing demand for these assets in a supply-constrained market.”
This transaction marks TREP’s 11th acquisition in the past 12 months for the ISF portfolio.
“The fundamentals remain extremely strong in transportation and logistics. We have allocated $150M of discretionary capital to acquire and develop a growing ISF portfolio in Atlanta as well as Chicago, Columbus, Denver, DFW, Southern California, and Phoenix,” says Charles Lintakoon of Triten Real Estate Partners.
TREP is an active buyer of Industrial Service Facilities (ISF) across the country. ISFs are location critical facilities used to store, maintain, and dispatch equipment and/or bulk material. They are primarily used by the transportation, logistics, construction, and manufacturing industries with a significant outdoor storage component. TREP continues to actively seek out these types of acquisitions across the nation.
Zach Dobin and Charles Lintakoon of Triten Real Estate Partners managed the transaction for both landlord and buyer.
For more information, visit http://www.tritenre-isf.com.