3Q 2010 | Atlanta South Industrial | Market Report

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Q3 2010 | SOUTH ATLANTA

ATLANTA

SUBMARKET REPORT

TRENDS & HIGHLIGHTS

Square Feet

NEW SUPPLY, ABSORPTION AND VACANCY RATES 1,500,000

16%

1,000,000

15% 14%

500,000 13%

145,563,664

Total SF Vacancy Rate

15.5%

YTD Net Absorption

(567,177)

YTD Deliveries

1,180,824

Under Construction

1,150,000

Avg. Warehouse Rate

$2.77 NNN

0 3Q09

4Q09

1Q10

2Q10

3Q10

12%

(500,000)

11%

(1,000,000)

10% Absorption

Deliveries

Source: CoStar Property

Vacancy

MARKET INDICATORS Q3 2010 VACANCY

NEXT QTR

UPDATE Recent Transactions in the Market SALES ACTIVITY

NET ABSORPTION CONSTRUCTION RENTAL RATE

PROPERTY ADDRESS

SALE PRICE

SIZE SF

PRICE / SF

BUYER

665 Highway 74 S.

$5,200,000

117,221

$44.36

HJB Holdings

375 Highway 74 S.

$5,075,000

114,800

$44.207

Rosdev Development

3640 Royal South Pky.- 1

$4,700,000

116,848

$40.22

EGLO Real Property

2251 Sylvan Rd.

$3,432,322

625,000

$5.49

Boles Parts Supply

South Atlanta

LEASING ACTIVITY

www.colliers.com/atlanta

TENANT

PROPERTY ADDRESS

SIZE SF

TYPE

Phillips Van Heusen

127 Liberty Industrial Pky.

851,349

Distribution Lease

Proctor & Gamble

7320 Oakley Industrial

400,314

Warehouse Renewal

Army Air Force Exchange

7139 Southlake Pkwy.

292,800

Warehouse Lease

HHGregg

3000 SouthPark Blvd.

273,200

Warehouse Renewal

South Atlanta experienced the highest amount of space absorbed in the Atlanta industrial market for third quarter. Kraft’s move into 980,000 SF was the largest space occupied. Despite the positive quarter, year-to-date absorption remains negative for the submarket.

Kraft’s build-to-suit at Majestic Airport Center III was the largest, and only significant delivery in the Atlanta industrial market this quarter.

Leasing activity in South Atlanta has picked up as of late. Along with large renewals, the submarket is winning some of the largest space requirements in the market. Phillips Van Heusen was the largest deal signed in third quarter, and also the largest for the year.

The 1,150,000 SF build-to-suit for Clorox is the largest industrial project currently under construction.


MARKET REPORT | Q3 2010 | ATLANTA INDUSTRIAL | SOUTH ATLANTA

COLLIERS INTERNATIONAL SOUTH ATLANTA INDUSTRIAL LISTINGS 4 5

10 1 2 3

480 offices in 61 countries on 6 continents

12

6 8

19

14

9

United States: 135 Canada: 39 Latin America: 17 Asia Pacific: 194 EMEA: 95

15

18

7 13 11

16

$2 billion in annual revenue

• Over 2 billion square feet under

management 17

• Over 15,000 professionals

UNITED STATES:

FOR LEASE

Colliers International 1349 West Peachtree Street Suite 1100 Atlanta, Georgia, 30309 TEL +1 404 888 9000 FAX +1 404 870 2845

#

PROPERTY

SF AVAIL.

BROKER(S)

1

Parkway Logistics Ctr.-300

33,644

Sean Boswell / Chris Cummings

2

Parkway Logistics Ctr.-500

37,044-89,080

Sean Boswell / Chris Cummings

3

Parkway Logistics Ctr.-400

62,212

Sean Boswell / Chris Cummings

COLLIERS INTERNATIONAL ATLANTA INDUSTRIAL SPECIALISTS:

4

Tradeport I-4380 Intl. Pkwy.

242,000

Elizabeth McSweeney / Sean Boswell

Marty Arnold

5

Tradeport II-4350 Intl. Pkwy.

64,000

Elizabeth McSweeney / Sean Boswell

Douglas Biggs

Elizabeth McSweeney

6

6855 Shannon Pkwy.

744,000

Chris Cummings / Sean Boswell

Sean Boswell

Henry Sawyer

7

125 Southside Ct.

168,610

Sean Boswell

Bill Buist

Ryan Sawyer

8

Atlanta Southern Bus. Park I

68,250-273,000

Douglas Biggs

Lee Cardwell

Mike Spears

9

7625 Southlake Pkwy.

124,000

Douglas Biggs

Chris Cummings

Rick Vaughn

10

Welcome All Industrial Park

30,000-945,380

Marty Arnold

Chris Irby

Price Weaver

11

103-105 Declaration Dr.

237,650

Ryan Sawyer / Mike Spears

12

3060 South Park Blvd.

659,614

Sean Boswell / Chris Cummings

13

220 Greenwood Ct.

504,000

Elizabeth McSweeney / Chris Cummings

14

7534-7538 Southlake Pkwy.

14,535

Rick Vaughn

15

7544 Southlake Pkwy.

35,584

Rick Vaughn

16

201 King Mill Ct.

570,586

Ryan Sawyer / Mike Spears

17

109 Bunch Rd.

14,535

Rick Vaughn

18

140 Amlajack Way

54,212

Rick Vaughn

FOR SALE #

PROPERTY

SF AVAIL.

BROKER(S)

7

125 Southside Ct.

322,560

Sean Boswell

14

7534-7538 Southlake Pkwy.

14,535

Rick Vaughn

15

7544 Southlake Pkwy.

35,584

Rick Vaughn

17

109 Bunch Rd.

209,375

Rick Vaughn

18

140 Amlajack Way

54,212

Rick Vaughn

19

640 Highway 138

50,750

Lee Cardwell

Ben Logue

This market report is a research document of Colliers International. Information herein has been deemed reliable and no representation is made as to the accuracy thereof. Colliers International-Atlanta, Inc., and certain of its subsidiaries, is an independently owned and operated business and a member firm of Colliers International Property Consultants, an affiliation of independent companies with over 480 offices throughout more than 61 countries worldwide.

Accelerating success.

www.colliers.com/atlanta


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