Atlanta Property Group Strengthens Industrial Portfolio with Strategic Charlotte Acquisition

Atlanta Property Group (APG) has further solidified its presence in the Southeastern industrial real estate market with the purchase of an 80,000-square-foot distribution building in Charlotte, North Carolina. Located at 5416 Wyoming Ave., this acquisition highlights APG's focused strategy on securing high-value industrial assets in prime locations. The property, situated in the Westinghouse industrial submarket, boasts features such as 18’-21’ clear heights and a 150’ truck court, making it an attractive asset for logistics and distribution operations.

The Westinghouse submarket is renowned for its excellent transportation access and strong tenant demand, factors that played a significant role in APG's decision to invest. Smith Haverty, a partner at APG, emphasized the strategic nature of this acquisition, noting the submarket's limited developable land as a key advantage. This move is part of APG's broader plan to invest $150 million in industrial properties across several high-growth Southeastern markets by the end of 2025.

Since 2022, APG has acquired 16 industrial buildings, demonstrating its aggressive expansion in a sector experiencing robust fundamentals. The firm's portfolio now includes properties in Atlanta, Charlotte, Greenville, Savannah, Nashville, Raleigh, and Central Florida, positioning APG as a significant player in the region's industrial real estate scene. For more information on APG's ventures, visit their website.

This acquisition not only reinforces APG's commitment to the industrial sector but also reflects the growing demand for distribution and logistics spaces in the Southeast. As e-commerce continues to drive the need for last-mile distribution centers, investments like APG's in strategic locations are likely to yield substantial returns, benefiting both the firm and the broader industrial real estate market.