CenterPoint expands into Atlanta with investment in class A facility

CenterPoint Properties has expanded its investment activity into Atlanta, acquiring a rear-load industrial facility at 4795 Innovative Way in Powder Springs, GA. The building was completed in Q3 2024 and fully leased to two tenants later that year.

CBRE National Partners brokered the off-market transaction.

CenterPoint’s East Region senior vice president of investments, Roy Rosenbaum, said the acquisition is the quintessential example of what CenterPoint specifically targets: best-in-class logistics facilities in America’s most competitive industrial submarkets.

4795 Innovative Way is located just 3 miles from a Norfolk Southern intermodal terminal and 14 miles from I-285 via I-20, giving its tenants efficient access to the metro’s extensive highway network as well as Hartsfield-Jackson Atlanta International Airport.

“Atlanta is a market we’re enthusiastic about and focused on for its strong fundamentals and because it’s a natural extension of the Savannah market, where CenterPoint owns and manages 24 assets totaling nearly four million square feet,” Rosenbaum said. “This facility has attributes we covet in our other target markets across the country, including access to an intermodal facility, desirable modern features, and a well-conceived site plan with multiple points of egress and ingress, a separate trailer exit, and an above-market parking ratio,” he added.

The 347,013-square-foot building covers just 21 percent of the 36-acre property, accommodating parking for 210 cars with room to grow and 77 trailers. Rosenbaum underscored the warehouse’s 36-foot clear height and high door count—68 dock-high doors and two drive-ins—as additional features logistics customers compete for in Atlanta.

CenterPoint further emphasized its commitment to growing its presence in Atlanta with the recent hiring of Thomas Howard, based in the city, as East Region investment officer.

“We’re thrilled to enter the Atlanta market with such a high-quality asset,” Howard noted. “Growing in Atlanta is a priority for CenterPoint, and we will continue to seek out additional acquisition and development opportunities in the near future.”

CenterPoint now owns 90 assets comprising more than 18.5 million square feet in its East Region markets of New York/New Jersey, Lehigh Valley, PA, Charleston, Savannah, Atlanta and South Florida.