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First American
Europaproperty.com
Friday, November 21, 2008  

Industrial


3/3/2008

UBS sells 346,000 sf Atlanta distribution building


730 Oakley Industrial Blvd.
Plymouth Meeting, Pa.-based Exeter Property Group has purchased a bulk distribution building in Atlanta, Ga., from global financial services firm UBS.

The seller was represented by Chris Riley, Frank Fallon and Brian Budnick of CB Richard Ellis.

The building is located 1.5 miles from Interstate 85 at 7300 Oakley Industrial Blvd., in Fairburn, about 18 miles south of Atlanta. It contains 346,039 square feet and is situated within Southpark, a 1,200 acre industrial park. The building is currently 100 percent leased to Sabare USA, Inc., a home furnishings supplier.

An executive vice president with the Industrial Investment Properties group, Riley joined CBRE in 2005. His industry experience includes nine years with the Trammell Crow Company and eight years with Carter Real Estate. He earned a bachelor's from the University of Kentucky and a M.B.A. from Emory University.

Fallon is also an executive vice president with the Industrial Investment Properties group specializing in the acquisition and disposition of office and industrial properties in the Southeast and Southwestern United States. He too was employed by Trammell Crow Company and is a former senior VP with ProLogis. Fallon earned his bachelor's from Texas Tech University.

Budnick, an associate with the Investment Properties group, teamed up with Fallon and Budnick in 2003. He specializes in the disposition of Atlanta-area investment properties. Like Riley and Fallon, he is a former employee of Trammell Crow. He's a graduate of Emory University.

Earlier this year, Riley, Fallon and Budnick brokered the sale of the three-building Perimeter West in Atlanta and the $23.55 million sale of the Riverview Distribution Center, also in Atlanta.

Address: 7300 Oakley Industrial Blvd., Fairburn, Ga.

Size: 346,039 square feet

Filed Under: Industrial

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