Feb
18
Gwinnett 316 Industrial Park Changes Hands in Atlanta
ByHillwood Development Co. paid $102.6 million for a 15-building industrial park in suburban Atlanta.
Aerial view of Gwinnett 316 area
Atlanta—Gwinnett 316, a 15-building, 2.2-million-square-foot distribution park in Atlanta’s I-85/Northeast submarket, has been purchased byHillwood, a Perot company, of Dallas, it was announced Tuesday. Hillwood did not respond to Commercial Property Executive’s request for additional information. A 2015 end-of-year report fromColliers International, however, stated that the industrial park sold for $102.6 million, or $44.96 per square foot.
The park is one mile off GA Hwy 316, which provides immediate access to I-85, as well as convenient access to I-285, metro Atlanta’s perimeter highway. It’s part of a 424-acre master-planned development and consists of 15 rear- and front-loading distribution buildings ranging from 70,000 to 200,000 square feet…
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