The 100 percent-leased portfolio is located along the main southeastern distribution corridor, which is seeing strong demand for industrial investment product. Advertisements
The company will transform the 12-story building into a Class A structure, complete with a modern sky lobby.
Carey Watermark Investors 2 has purchased Renaissance Atlanta Midtown Hotel, which recently underwent a $3 million capital improvement program.
The 202-key hotel is the brand’s second New York City location.
The sale of the industrial building at 10820 Gilroy Road was brokered by NAI KLNB.
Jacque Riley will contribute to the brand’s ongoing development in Europe.
The warehouse/distribution center is 100 percent leased.