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OAK BROOK, IL – CenterPoint Properties has made its first-ever investment in 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 located 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% 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 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.
Rosenbaum said CenterPoint further emphasized its commitment to growing its presence in Atlanta with the recent hire of Thomas Howard as East Region Investment Officer, based in the city.
For CenterPoint Investment, Development, and Asset Management inquiries in the East Region, please contact:
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