First Industrial makes gigantic purchase in Atlanta

Chicago-based First Industrial Realty Trust has purchased Oakbrook Technology Campus, an 11-building, 512,540 sq. ft. business park in suburban Atlanta, for $26.2 million from Des Moines, Iowa-based Principal Capital Real Estate Investors. Chris Riley, Hal Breedlove and Brad Rogers of Dallas-based Trammell Crow Co. represented Principal Capital in the transaction.

Located in metro Atlanta’s Gwinnett County, Oakbrook has a 99% occupancy rate and 32 tenants. Developed between 1984 and 1986, the park contains both office and light-distribution facilities.