Lincoln Property Company Southeast Brokers Chick-fil-A’s 221,000-Square-Foot Lease at South Atlanta Industrial Park
Lincoln Property Company Southeast has brokered Chick-fil-A’s 221,408-square-foot renewal and expansion at Airport West Distribution Center in Atlanta. The nationally renowned restaurant chain was leasing 140,319 square feet at the center, which is located on Buffington Road near Hartsfield International Airport and across the street from Chick-fil-A’s corporate headquarters. Airport West features a total of 287,520 square feet of space and this lease maintains the park’s occupancy at 100 percent.
Chick-fil-A’s expansion of 81,089 square feet runs for 10 years, and the company also extended the lease on its other space through 2022.
Denton Shamburger, vice president for Lincoln Property Company Southeast, represented the landlord, Morgan Stanley, in Chick-fil-A’s expansion and extension. He was the only broker in the transaction.
Chick-fil-A’s expansion was signed as the leases of two other tenants were about to expire, meaning Lincoln Property Company was able to fill the 81,089 square feet of space before it sat vacant. “There was not one day of downtime,” Shamburger said. “It’s a tribute to this property, its outstanding ownership and its strategic location in southwest Atlanta that we have been able to maintain such high occupancy for so many years at Airport West Distribution Center.”
“The Atlanta industrial market is experiencing a definite uptick in activity, and this Chick-fil-A deal is more indication that the market should continue to improve in the months ahead,” added Tony Bartlett, senior vice president of Lincoln Property Company Southeast. “The success at Airport West is a great story and with increased economic activity combined with our full-service marketing and service platforms, we believe we can continue to drive great results for our industrial landlord clients in 2013.”