Sagard Real Estate, a leading U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm, today announced the acquisition of 5070 Phillip Lee Drive SW, a 400,800-square-foot industrial property in Atlanta’s Fulton Industrial submarket. The investment was made on behalf of Sagard Real Estate’s open-end core-plus real estate fund (the “Fund”). The property comprises four contiguous warehouse buildings across 15.5 acres along the Fulton Industrial Boulevard corridor. Located approximately two miles from Interstate 20 and four miles from Interstate 285, the site also provides access to downtown Atlanta and Hartsfield-Jackson Atlanta International Airport.

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Fully leased to a consumer products manufacturer that has occupied the property for more than 20 years, the facility supports production and distribution operations for the tenant. The property features 48 dock-high doors, two ramped drive-in doors, deep truck courts and multiple points of ingress and egress. Existing demising walls and office configurations provide flexibility to accommodate multiple users over time.

“Fulton Industrial remains an important infill location for manufacturing and distribution users because of its proximity to Atlanta’s interstate network, labor base and major population centers,” said Matt DiVito, Managing Director, Acquisitions at Sagard Real Estate. “With limited competitive warehouse development underway, we continue to see long-term value in functional industrial assets along the corridor.”

“This acquisition reflects the Fund’s focus on functional industrial assets in established infill locations where access to transportation infrastructure, labor and population centers supports durable tenant demand,” said John Maurer, Head of U.S. Real Estate Equity at Sagard Real Estate.

“We believe the combination of a fully leased property, a long-tenured tenant and limited new competitive supply creates an attractive current-income profile with the potential for long-term value creation,” said Tyler Williams, Co-Portfolio Manager of the Fund.

The submarket serves a broad base of warehouse, distribution and manufacturing users and benefits from access to Atlanta’s interstate network and regional labor pool. At the time of acquisition, no competitive warehouse product was under construction in the submarket, with the existing development pipeline designated for data center use.

The acquisition builds on Sagard Real Estate’s existing presence in the Fulton Industrial submarket and advances its core-plus strategy of investing in functional industrial assets in established infill markets.

About Sagard Real Estate

Sagard Real Estate is a real estate investment advisor and operator providing investment management services throughout the U.S., including portfolio management, acquisitions, asset management, development, and property management for investors. With $6.1B in assets under management, Sagard Real Estate offers commercial real estate investment strategies through separate accounts and commingled funds. Founded in 1997, the firm is headquartered in Denver and maintains regional investment offices in New York City, Charlotte, Austin, Los Angeles, and San Francisco metro areas. Sagard Real Estate is a part of Sagard, a multi-strategy alternative asset management firm. For more information, visit www.sagard.com/realestate or follow us on LinkedIn.

About Sagard

Sagard is a global multi-strategy alternative asset management firm with $47B in assets under management. We invest in venture capital, private equity, private credit, and real estate. We deliver flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value creation experts. The firm has offices in Canada, the United States, Europe, Asia and the Middle East. For more information, visit sagard.com.

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