Systemax to Lease 500,000 SF Distribution Center Near Atlanta

CoStar Group - October 27, 2005

Atlanta-based IDI is nearing a deal with Systemax Inc. for approximately 500,000 square feet at IDI’s Hamilton Mill Business Center in Gwinnett County. The deal would also include an agreement by IDI to purchase Systemax’s current facility, a 360,000-square-foot building on Satellite Boulevard in IDI’s Shawnee Ridge development.

The Systemax deal would be yet another large warehouse deal for the Northeast submarket, which has seen several large transactions lately. Earlier this fall, The Home Depot took down 546,000 square feet with Solution Property Group in Braselton, Progressive Lighting has made its deal with Duke, Takeuchi Manufacturing struck a build-to-suit deal with J.W. Rooker & Associates in Jackson County and Kubota signed a 400,000-square-foot deal with Pattillo Construction Co. in Jackson as well.

CoStar Group numbers for third-quarter 2005 show the Northeast market strengthening a bit with a small drop in vacancy rate (12.2% to 11.8%) over the past quarter. The market absorbed nearly 1 million square feet during the third quarter, bringing the yearly total for the submarket to more than 2.3 million square feet. Sphere: Related Content