Lincoln Property Company Southeast (Lincoln) has secured a new lease at Airport West 500, a 218,370-square-foot distribution center in Atlanta. This deal brings the property to 60% leased. Lincoln Senior Vice President Denton Shamburger, Vice President Turner Fortin and Leasing Associate Colin Beecham oversee leasing for the property.
Dachser USA Air & Sea Logistics Inc. signed a 130,805-square-foot lease at the warehouse, which is located at 3625 Naturally Fresh Boulevard about five miles from Hartsfield-Jackson International Airport. Dascher is a package and freight delivery company based in Atlanta offering air and sea freight, warehousing and foreign trade and customs services.
Airport West 500 delivered in Q1 of this year, offering a range of lease sizes in a convenient location close to the airport and just a mile from both I-85 and I-285. The warehouse offers 32’ clear heights, 42 dock-high and 2 drive-in doors, around 140 auto parking stalls and 35 trailer parking stalls. In the remaining 87,000 square feet at the building, Lincoln is delivering make-ready space featuring a 2,700 square foot office suite, lights in the speedbay and levelers onsite and ready to install.
According to a report from Lincoln, the Airport/I-85 South industrial submarket had the lowest vacancy rate in Q2 of this year out of all of the submarkets in Atlanta, with a rate of 4.6%. Airport/I-85 South also saw positive absorption of 235,435 and currently has 4,838,553 square feet of industrial development under construction.