Daphne,
Ala.-based commercial real estate investment firm Stoic
Equity Partners breaks into McDonough,
Ga. market; adds new asset to investment fund
DAPHNE,
Ala., March 28, 2024 /PRNewswire/ -- Stoic
Equity Partners has closed on the purchase of another flex
industrial property, the third closing associated with its
investment fund, SEP Industrial Holdings I, LLC. The asset, a
5-building portfolio located on McDonough Pkwy in McDonough, Ga., consists of 90,300 square feet
of office and warehouse space.
The company's acquisition of the McDonough Parkway Portfolio
marks its second investment in the Atlanta MSA. The McDonough
Parkway Portfolio presents a prime investment opportunity in
McDonough, Ga., an affluent
Atlanta suburb boasting a 5-mile
population of 87,426 residents and a projected growth rate of 1.5%
by 2028. Strategically situated just south of Atlanta, McDonough offers easy access to I-75,
providing a direct 28-mile route to Downtown.
The portfolio features five buildings with loading docks and
drive-in access, a rare combination in the area, along with
18-20-foot clear heights, ample truck court space and proximity to
major interstates, retail corridors and housing. Positioned in a
premier industrial park on McDonough Parkway, these properties
cater to tenants with distribution, manufacturing and warehousing
needs, making them highly desirable for potential lessees.
"The McDonough submarket within
the Atlanta MSA is currently expanding at a tremendous pace. We are
very excited to be able to purchase over 90K square feet in such a strong area. We were
attracted to this portfolio due to its diverse tenant mix that the
majority of which have been in place for 5-10 + years showing
commitment to the space," said Grant
Reaves, Co-Founder and Managing Director of Stoic.
The addition of this property brings Stoic's total portfolio to
over 877,200 square feet and $86
million in acquisition and development assets. Stoic
continues to focus on expanding its flex industrial portfolio in
2024 with multiple assets currently under contract closing within
the coming months.
About Stoic Equity Partners
Stoic Equity Partners is a
Daphne, Ala.-based commercial real
estate investment firm committed to pursuing value-add and
opportunistic commercial real estate acquisitions and developments
throughout the Southeast. Co-founders Jeremy Friedman and Grant Reaves, both seasoned commercial real
estate brokers, united their expertise to establish Stoic Equity
Partners. Following their experience in investment real estate
through brokerage, the founders transitioned to managing commercial
real estate investments as sponsors and managers.
For more information about Stoic Equity Partners and its
innovative approach to real estate investment, please visit its
official website: stoicEP.com.
Media Contact
Jeremy
Friedman
Co-founder and CEO, Stoic Equity Partners
Phone: 251-747-9111
Email: 375375@email4pr.com
Address
2210 Main Street, Ste H
Daphne, AL 36526
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SOURCE Stoic Equity Partners