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February 18, 2019

Ackerman & Co. Sells 30,072 SF Industrial Building at Stone Mountain Industrial Park in Metro Atlanta

E L Supermarket Distributors Inc. buys 1564 McCurdy Drive building for $1.3 million

ATLANTA, February 18, 2019 – Ackerman & Co. has completed the sale of 1564 McCurdy Drive, a 30,072-square-foot distribution building in the company’s Stone Mountain Industrial Park, to E L Supermarket Distributors Inc., for $1.3 million. The company, which will distribute grocery goods from the space, is expected to occupy the building in first-quarter 2019, relocating from its current distribution center in Norcross, Ga.

Ackerman & Co. brokers Brett Buckner, Jimmy Stevens and Major Martin represented Ackerman in the sale of the facility, located in metro Atlanta’s Tucker/Stone Mountain submarket. Mark Light of Lighthouse Realty Advisors represented the buyer.

Since March 2018, Ackerman has completed the sale of seven buildings in Stone Mountain Industrial Park for $15 million. Located just outside the I-285 perimeter of Atlanta, Stone Mountain Industrial Park offers a mix of front, rear and side-load warehouse facilities of up to 293,000 square feet.

Ackerman & Co. acquired the 4.1-million-square foot Stone Mountain industrial portfolio in November 2015.  Since purchase, Ackerman & Co.’s industrial brokerage team has boosted occupancy across the portfolio from 84% to 95%.

About Ackerman & Co.

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 37 million square feet of office, medical, industrial, retail and mixed-use space, has nearly 8 million square feet under management and maintains an investment portfolio valued at $1 billion. For more information, visit www.ackermanco.com