Hillwood Expands Metro Atlanta Presence

The company purchased a 100,000-square-foot warehouse in Norcross for $6 million, marking the its second acquisition in the Atlanta market this year.
1030 Norcross Industrial Court
1030 Norcross Industrial Court. Image courtesy of Yardi Matrix

Hillwood has acquired 1030 Norcross Industrial Court, a 100,000-square-foot last-mile distribution warehouse in Norcross, Ga. According to Gwinnett County public records, the asset traded for $6.2 million. The property last changed hands in 2005, when Underpriced Furniture purchased it for $3 million, Yardi Matrix data shows.

Located in the vicinity of interstates 85 and 285, 1030 Norcross Industrial Court is 21 miles from downtown Atlanta and 30 miles from Hartsfield-Jackson Atlanta International Airport. Built in 1977 on a 5.1-acre parcel, the distribution facility provides front-load design, 24-foot clear height, 115-foot truck courts, 28 dock-high doors and 58 parking spaces. The property is fully occupied by a furniture distributor on a short-term lease.

The acquisition marks Hillwood’s second buy in the Atlanta market this year. In March, the industrial owner and developer purchased a Class A bulk distribution facility totaling more than 1 million square feet in Pendergrass, Ga. The property is located roughly 40 miles northeast of 1030 Norcross.