SOURCE: Becknell Industrial

Becknell Industrial

March 09, 2015 13:16 ET

Becknell Industrial Expands Presence in Atlanta With Conyers Acquisition

INDIANAPOLIS, IN--(Marketwired - March 09, 2015) - Becknell Industrial has completed the purchase of a distribution facility totaling 80,780 square feet in Conyers, Georgia. Located at 1133 Culpepper Drive, the property provides convenient access to Interstate 20 and is located just 20 miles east of Atlanta.

Built in 1988, and renovated in 2008, the property is situated on 8.3 acres and features 24' clear height, 10 loading docks and 2 drive-in doors. The property is currently 100 percent leased to two tenants. Southern Pipe & Supply, a privately owned company serving both trade professionals and homeowners with brand name plumbing, heating, air-conditioning, industrial, mechanical, water and sewage supplies, occupies 41,370 square feet. The remaining space is occupied by Precision Corr, a corrugated and specialty packaging company that develops, manufactures and implements innovative packaging solutions. 

Tom Shafer of CBRE represented the seller and was instrumental in the negotiation process.

"Becknell was not only pleased to have the opportunity to acquire this property at an attractive basis, but was also excited that we were able to gain two committed tenants and additional land for future expansion of the property," said Pete Anderson, Becknell's Executive Vice President Investments.

About Becknell Industrial
Becknell Industrial specializes in the development, investment and management of industrial real estate across the United States. The company currently owns interests in 122 properties totaling more than 12 million square feet. Vertically integrated, Becknell is responsible for every aspect of the project providing the decision-making authority and expertise to meet client expectations for a high-performance facility delivered on time and on budget. More information about Becknell is available at www.becknellindustrial.com.

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