Oak Brook-based CenterPoint Properties has expanded its investment activity into Atlanta, acquiring a rear-load industrial facility at 4795 Innovative Way in Powder Springs, Georgia. The building was completed in Q3 2024 and fully leased to two tenants later that year.
CBRE National Partners brokered the off-market transaction. “Atlanta is a market we’re enthusiastic about and focused on for its strong fundamentals and because it’s a natural extension of the Savannah market, where CenterPoint owns and manages 24 assets totaling nearly four million square feet,” Rosenbaum said.
4795 Innovative Way is located just 3 miles from a Norfolk Southern intermodal terminal and 14 miles from I-285 via I-20, giving its tenants efficient access to the metro’s extensive highway network as well as Hartsfield-Jackson Atlanta International Airport. The 347,013-square-foot building covers just 21 percent of the 36-acre property, accommodating parking for 210 cars with room to grow and 77 trailers.
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