Atlanta Property Group Strengthens Industrial Presence with Strategic Charlotte Acquisition

Atlanta Property Group (APG), a prominent real estate investment firm based in Atlanta, has further solidified its industrial portfolio with the acquisition of a key distribution facility in Charlotte, North Carolina. The property, located at 5416 Wyoming Ave., spans 80,000 square feet and is situated in the Westinghouse industrial submarket, a prime area known for its high demand and limited available land. This move highlights APG's focused strategy on securing well-located industrial assets in the rapidly growing Southeastern United States.

The newly acquired building, constructed in 1998, boasts features such as 18’-21’ clear heights, a 150’ truck court, dock-high doors, full-building HVAC, and heavy power, making it an attractive asset for distribution operations. Currently fully leased, the property's institutional-quality functionality and last-mile location position it as a valuable addition to APG's portfolio. Smith Haverty, a partner at APG, emphasized the strategic nature of this investment, citing the Westinghouse submarket's excellent transportation access and strong tenant demand as key factors in the decision.

This acquisition is part of APG's broader investment strategy, which has seen the firm acquire 16 industrial buildings since 2022. With plans to invest $150 million of committed equity into distribution properties across several Southeastern markets by the end of 2025, APG is positioning itself as a significant player in the industrial real estate sector. The firm's focus on high-growth Sun Belt markets, including Atlanta, Charlotte, Greenville, Savannah, Nashville, Raleigh, and Central Florida, reflects a bullish outlook on the industrial market's fundamentals.

The implications of APG's expansion are multifaceted. For the industrial real estate sector, it signals continued confidence in the Southeastern market's growth potential. For tenants and businesses in the region, APG's investments could mean access to high-quality distribution spaces in strategic locations. As the demand for industrial properties remains strong, APG's strategic acquisitions are likely to play a pivotal role in shaping the landscape of industrial real estate in the Southeast.