ATLANTA, June 13, 2013 /PRNewswire/ -- Transwestern's Atlanta office today announced that Greg Smith Equipment Sales Inc., a discount provider of quality automotive equipment, has signed a new lease for 50,699 square feet at 2375 Button Gwinnett Drive located in the Interstate 85/Northeast Atlanta industrial submarket. Owned by Cobalt Industrial REIT II and managed by Cobalt Capital Partners, the 190,800-square-foot industrial facility is a part of the Button Gwinnett Distribution Center.
"The Button Gwinnett Distribution Center's functional design and outdoor storage component will allow Greg Smith Equipment Sales to utilize its facility as a one-stop shop for its product display showroom and distribution center," said Brent Dutson, vice president and industrial specialist with Transwestern. "Additionally, its location near the interchange between Interstates 85 and 285 will allow the company to better serve their customers throughout the Southeast."
The Button Gwinnett Distribution Center features concrete tilt-up construction, 25' ceiling height, 40' by 45' and 225' deep column spacing, sprinkler system, 12 dock-high doors and an outside storage area. Located in the Norcross/Peachtree Corners area, the property is conveniently located to a wide range of local amenities, including popular restaurants, hotels and professional services. Additionally, the property is situated less than one mile from I-85 and less than five miles from I-285 and Georgia 400, providing convenient access to the entire metro area. The Button Gwinnett Distribution Center has multiple suites available, ranging from 30,000 to 100,000 square feet.
Dutson and Transwestern's Julian Brown, principal, represented Cobalt Industrial REIT. Darren Butler with NAI Brannen Goddard represented Greg Smith Equipment Sales Inc.
ABOUT COBALT CAPITAL PARTNERS
Cobalt Capital Partners, a Dallas-based private equity firm, invests in light industrial property in major metropolitan markets throughout the United States. Cobalt Industrial REIT II is a private REIT advised by Cobalt Capital Partners. Across its national platform, Cobalt Capital Partners entities own more than 30 million square feet of light industrial space in 17 major metropolitan markets, including 8.5 million square feet in Atlanta. For more information, visit www.cobaltcapitalpartners.com.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages operating competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern. Follow Transwestern's Atlanta office on Twitter: @TranswesternATL.