GID Industrial announces the acquisition of two portfolios in Atlanta and Seattle totaling more than 343,500 square feet

DALLAS, June 24, 2024 /PRNewswire/ — GID, an American real estate investment and management company with over $29 billion in assets under management¹announced the acquisition of two separate properties: Seattle Distribution Center in Seattle and Shiloh Road East and Royal Atlanta Drive in Atlanta.

The Seattle distribution center consists of two multi-tenant buildings totaling 174,341 square feet that are currently 69% leased to seven tenants and one rail user. Located in South SeattleThe property provides direct access to I-5, SR-509 and SR-99, facilitating seamless communication with Downtown SeattleHarbor Seattleand Seattle-Tacoma International Airport (“SeaTacThe buildings also feature a concrete structure with tilting walls, 49 entry gates and 4 entry doors over 24 feet high, and a variety of apartment configurations ranging from 5,000 to 38,000 square feet.

The Atlanta The portfolio consists of three multi-tenant buildings totaling 169,215 square feet, with Shiloh Road East located in the Meadows Industrial Park in the North Central/GA 400 Corridor segment and South Royal Atlanta Drive located in the Royal Atlanta Business Park in the district Big food/stone Mountain submarket. There are 17 apartments on offer, 97% of which are currently rented to 15 tenants with a WALT of 2.8 years. Also included are 40 entry gates and 13 entry gates with an average clear height of 16-23 feet. This portfolio brings GID Industrial’s total space at Royal Atlanta Business Park to 350,510 square feet.

To learn more about GID Industrial, visit gid.com/industrial.

About GID
GID is a privately held, vertically integrated real estate company that owns, operates and/or manages a portfolio of multifamily and industrial assets and develops mixed-use projects around the world. United States. The company also operates a lending platform that aims to provide commercial real estate debt solutions to institutional borrowers. With corporate offices in Atlanta, Boston, Dallas, Dubai, New York AND San FranciscoGID is an experienced real estate private equity investor and manager, supported by an integrated operating platform and with over 60 years of experience across multiple asset classes.

GID Industrial consists of a team of experienced investment professionals operating, managing and/or developing approximately 25.0 million square feet across 231 properties and 22 markets as of March 31, 2024.

¹The value of assets under management is calculated in accordance with the definition of assets under management (“AUM”) contained in the INREV global definitions database. GID’s AUM includes capital for which GID provides fund investment supervision and management services, as well as proprietary accounts, joint ventures and accounts for which GID provides asset management services without capital investment (“Other GID Accounts”). Other GID accounts are not classified as funds and are not included in regulatory assets under management or reported in dollar deposits and are not considered “customers” under Part 1 of the ADV GID. December 31, 2023the company’s total regulatory assets under management $3.8 billion and includes 10,312 multi-family units, 1.4 million square meters of industrial space and 106 supervised employees.

SOURCE GID Real Estate