Spectrum Brands Close to 810,000 SF Warehouse Deal Near Atlanta

CoStar Group - November 10, 2005

Eighteen months after relocating to Atlanta and six months after dropping the Rayovac Corp. name, Spectrum Brands Inc. (NYSE: SPC) is close to making a major space commitment in Jackson County.

The Atlanta-based consumer products giant, represented by consultant Deloitte & Touche, is in negotiations to lease a huge warehouse at Walnut Fork Distribution Center in the city of Jefferson. The 810,000-square-foot building was co-developed by a partnership of J.W. Rooker & Associates and Collier Properties and has been sitting empty since its completion earlier this year.

Earlier this fall, the building was rumored to be on the sales block, marketed by industrial investment sales guru Chris Riley and his team at CB Richard Ellis. Apparently, the sales process was halted once it became clear that the building would land one of the large deals floating around the Northeast submarket. Rooker President Dan Pattillo would not comment on a pending deal for the building or whether it was slated to be sold. Calls to Spectrum Brands were not returned by press time.

The Spectrum lease would be the third large deal to land in the Northeast in recent weeks. Progressive Lighting is putting the final touches on its 700,000 square feet (with expansion room to 1 million square feet) with Duke Realty Corp. (NYSE: DRE) at Park 85 in Braselton, and computer seller Systemax Inc. is in negotiations for approximately 500,000 square feet with IDI at Hamilton Mill Business Center in Gwinnett County. Sphere: Related Content