Nash Commercial

Nash Commercial has a new marketing assignment in Peachtree Corners for the property owned by Summit Real Estate Group. 5875 Peachtree Industrial Boulevard, Building 100 is a flex industrial building for sale or lease. The building has two vacancies, 6,532 sf and 2,971 sf.

Moxie Pest Control signed a lease for 6,000 square feet in 4405 International Boulevard. This brings the Gwinnett Flex properties to 100% occupied. Got to love that Carolina Blue paint too.

Nash Commercial just crushed it for D Trade with a rental rate 32% below market plus a great TI package on a lease renew transaction.

Congratulations to NC Labs for their new 90,000 sq. ft. distribution and manufacturing facility in Norcross, Georgia. Nash Commercial negotiated a smoking hot deal in an extremely tight market. Thank you for the opportunity to work with you again.

Nash Commercial is working on a requirement in the Newport Beach, California area. Let us know if you have anything our client should consider.

Atlanta's Industrial Market is on Fire

Concrete boxes and dock doors are life at Nash Commercial. Touring 90k sq. ft. in Norcross this afternoon.

It was a Socially Distance punch-list walk through with Ma Labs at their new office/warehouse in Norcross. Ma Labs is one of the largest computer component distributors in the United States with over $2.10 billion in revenue. The Norcross office will provide sales, CS and distribution of PC components and software for Ma Labs customers. This is the 5th transaction that Nash Commercial represented Ma Labs. Great company and great people. Check out the before and after photos. It’s hard to believe it is the same space.

Nash Commercial has a great deal of experience and success representing owners of flex and single-story office properties. There is no shortage of this type of product in the Metro-Atlanta area which makes leasing and marketing these properties challenging. The one question that every property owner asks Nash Commercial is; how do I secure a credit tenant, in the shortest amount of time and at the highest rental rate? There are several answers to this question. The physica...l attributes of the property, market dynamics, available capital and the cost basis in the project are all factors in the various responses. The photograph in this post is a great example of one of those answers. This property, located in the Peachtree Corners area, was a typical 80’s vintage flex project prior to its renovation. There is no doubt that it had mauve millwork, checkerboard VCT, maroon boarded carpet and grass-cloth wallpaper. If you have been in one of these spaces, you have been in hundred. Unfortunately for the owners of vintage flex projects, there are at least ten competing spaces available for lease at any given time. To a tenant relocating their business, these spaces all look the same; which is tired, depressing and antiquated. The build-out in this suite is one great example of how to differentiate an asset from the competition. In addition to the interior improvements, the property owner painted the exterior brick façade and updated landscaping. This strategy is not an option for every property owner or every asset as it requires a low cost basis and access to a large amount of capital. However, lease-up time is greatly reduced and the achieved rental rate will be far higher than any competition. If you are an owner, or are in the process of acquiring flex/single-story office properties, Nash Commercial would be happy to share our experience and insight into the strategies that will maximize the value of your asset.