Tuesday, October 5, 2010

Grubb & Ellis Facilitates the Sale of 9103 Riverside Parkway in Douglasville, GA

 ATLANTA, GA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it represented Wells Real Estate Funds in the sale of 9103 Riverside Parkway (top left photo) in Douglasville, a 593,404-square-foot industrial building, to Medline Industries Inc. 

The sale price was not disclosed. 

 Dave Watson and Darren Ross, both senior vice presidents in the Industrial Group, facilitated the sale. 

 “This transaction illustrates the importance many users place on being close to the airport,” said Watson.  “It will certainly serve to increase the competition in the South Side submarket and offset some of the vacancies to go on the market within the last 18 months.”

 Built in 2003 and 2004, 9103 Riverside Parkway features wide column spacing, high power, 110 loading doors, ample truck and car parking and a fenced truck court with guard shack.

 Medline Industries, a supplier of medical equipment, reportedly chose Atlanta over a number of markets due to the transportation systems, proximity to a highly regarded international airport and highly educated workforce.

Contact:  Erin Mays, Phone: 312.698.6735                         

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