Targeting the booming Atlanta industrial market, Stoic Equity Partners acquires a valuable 90,300 sq ft flex industrial portfolio.
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| Stoic Equity Partners' strategic investment in the Atlanta MSA's flex industrial market positions them for substantial growth. McDonough Parkway McDonough, GA. Image: Friedman |
Daphne, Alabama, March 28, 2024:
Stoic Equity Partners, a Daphne, Alabama-based commercial real estate investor with a keen eye for value-add opportunities, has strategically expanded its presence in the Atlanta Metropolitan Statistical Area (MSA) with the acquisition of a 90,300 square foot flex industrial portfolio in McDonough, Georgia. This marks Stoic's second investment in the Atlanta MSA, reflecting their commitment to capitalizing on the region's burgeoning industrial market.
The five-building McDonough Parkway Portfolio presents a compelling proposition for tenants in the distribution, manufacturing, and warehousing sectors. Prime features include loading docks, drive-in access for seamless loading and unloading, and ample truck court space, crucial for efficient logistics operations. Furthermore, the property boasts a strategic location with easy access to major interstates, streamlining transportation and distribution networks. Its proximity to established retail corridors and residential areas adds another layer of convenience.
"The McDonough submarket within the Atlanta MSA is experiencing tremendous growth," remarked Grant Reaves, Co-Founder and Managing Director of Stoic Equity Partners. "We're excited to secure over 90,000 square feet of prime industrial space in such a dynamic market. A key factor in our decision was the property's diverse tenant mix, with a significant number occupying the space for over five to ten years, demonstrating a strong commitment to the location and its functionality."
This strategic acquisition significantly bolsters Stoic's overall portfolio, bringing their total holdings to over 877,200 square feet, with a combined value exceeding $86 million. The company's growth trajectory shows no signs of slowing down, with multiple additional assets currently under contract and expected to close in the coming months. This targeted expansion underscores Stoic's unwavering focus on the flex industrial sector, a market segment experiencing heightened demand due to the flourishing e-commerce industry and the ever-evolving logistics landscape.
Analysts believe Stoic's strategic investment in the McDonough Parkway Portfolio is a prudent move. The Atlanta MSA boasts a robust and continuously expanding population base, coupled with a well-developed infrastructure network, making it a prime location for industrial real estate ventures. The flex industrial format, offering a flexible blend of office and warehouse space, caters perfectly to the needs of a diverse range of businesses, further solidifying the portfolio's long-term value proposition.
With a proven track record of identifying and acquiring value-add commercial real estate assets, Stoic Equity Partners is well-positioned to capitalize on the burgeoning Atlanta industrial market. The strategic acquisition of the McDonough Parkway Portfolio strengthens their presence in the region and provides a solid foundation for further growth in the dynamic flex industrial sector.