Rex Distribution Center_Property for Sale
Rex Distribution Center_Property for Sale

Rex Distribution Center

Rex, GA, US, Americas

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained by ownership as the sales representative for Rex Distribution Center Buildings A and B (the “Portfolio”), a newly constructed Class A industrial portfolio totaling 271,352 square feet strategically located within Atlanta’s Airport/South I-85 infill submarket. Completed in 2023, the institutional-quality assets offer exceptional connectivity, located just 1.2 miles from I-675, 2.4 miles from I-75, 8.5 miles from I-285, and 17.7 miles from Downtown Atlanta, providing efficient access throughout the Atlanta MSA and the broader Southeast region. The portfolio is currently 28% leased, generating immediate in-place income supported by a 5.0-year weighted average lease term while providing investors with meaningful upside through the lease-up of the remaining vacancy. Modern Class A specifications, coupled with existing office improvements in two of the three available suites, create a highly leasable product that can accommodate users immediately while limiting future capital requirements.


The Portfolio benefits from its location within the Airport/South I-85 submarket, one of Atlanta’s premier industrial corridors, comprising approximately 146.2 million square feet of inventory. The Atlanta industrial market remains one of the nation’s largest and most active logistics hubs, encompassing more than 728.7 million square feet of inventory and recording 9.2 million square feet of net absorption through 1H 2026, ranking 5th nationally. The Portfolio is positioned to capitalize on its strategic location within Atlanta’s infill core, immediate access to Hartsfield-Jackson Atlanta International Airport, a deep and highly skilled industrial labor force, and continued occupier demand users. Additionally, the Airport/South I-85 submarket recorded 1.0 million square feet of net absorption through 1H 2026 while industrial rents have increased approximately 88% over the past five years, underscoring the strength of the Portfolio’s long-term fundamentals.

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Attributes

Building area net
25,209 m²
Year built
2023
Building class
A
Occupancy
28%
WALT
5 years
Distance to I-285
8.5 Miles
Rex Distribution Center (2 Properties)
Rex Distribution Center (2 Properties)

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Investment Highlights

Key highlights of the property include:

  1. 2023 vintage
  2. 28% leased to 2 tenants - Substantial upside opportunity through lease-up of remaining vacancy
  3. Infill location which pulls demand from the airport as well as McDonough/Locust Grove
  4. Newly constructed assets offered at a significant discount to replacement cost
  5. WALT – 5.0 years
  6. 4% annual rent escalations
  7. 32’ clear heights
  8. 45-mil TPO roofing systems (12 years of remaining warranty)
  9. 1.2 miles from I-675 & 8.5 miles from I-285


The industrial market within the Airport/South I-85 submarket has maintained strong fundamentals throughout the last cycle

  1. 1M SF of YTD absorption
  2. Quarterly leasing exceeded 2.1M SF, increasing 377% YOY
  3. 88% rent increase since 2021
Rex Distribution Center 4_Property for Sale
Rex Distribution Center 4_Property for Sale

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Last updated Sep 17, 2026