ATLANTA (Aug. 29. 2014) - Chick-fil-A has gobbled up an entire distribution building across the street from its College Park heaquarters.
The chain that made chicken sandwiches famous agreed to lease the 111,252-square-foot build-to-suit industrial facility under construction at Airport West Distribution Center near Atlanta’s Hartsfield International Airport.
The lease was announced today by Lincoln Property Co., which is developing the building that will open early next year.
The end game is great: A very successful Atlanta company is helping fuel success in Atlsnta's commercial real estate industry.
Here's more on this significant commercial real estate deal. The Wilbert Group represents LPC Southeast, and we issued this release.
Chick-fil-A Signs Long-Term Lease for 111,252-Square-Foot Industrial Facility Near Atlanta Airport
Lincoln Property Company Southeast is developing the facility, which will be complete in January
ATLANTA (Aug. 29, 2014) – Lincoln Property Company Southeast (Lincoln) is developing a 111,252-square-foot industrial facility at Airport West Distribution Center near Atlanta’s Hartsfield International Airport. Chick-fil-A, whose corporate headquarters on Buffington Road is across the street from Airport West, has signed a long-term lease to fully occupy the building upon its completion in January 2015.
Denton Shamburger, vice president for Lincoln, represented the landlord, Morgan Stanley, in the lease and was the only broker involved in the transaction.
The lease means Chick-fil-A will occupy nearly 85 percent of Airport West when the third building in the park is completed. Airport West currently features two buildings totaling 287,703 square feet, of which Chick-fil-A occupies 221,449 square feet.
“Airport West has been a great success story, and Denton has done an outstanding job of leasing this industrial park,” said Tony Bartlett, senior vice president at Lincoln who oversees the Atlanta office. “Chick-fil-A is every owner’s dream tenant, and we are proud to be able to call them one of our valued clients.”
About Lincoln Property Company
Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 6,800 people in 32 states and 10 countries in Europe. Since its inception in 1965, Lincoln has developed over 128 million square feet of office, industrial, and retail projects as well as 209,000 apartment units. Stemming from its development and ownership background, Lincoln's operating platform seamlessly integrates its various service lines, provides for consistent and measureable performance and utilizes cutting-edge technology over its 350+ million square feet of managed assets.