Ackerman & Co. has sold an industrial building, located at 2232 Mountain Industrial Blvd. within Stone Mountain Industrial Park in Tucker. Mequity Cos. purchased the property for $5.3 million.
The buyer, an Atlanta-based real estate development and investment firm, is redeveloping the 105,800 square-foot warehouse into a build-to-suit project for CubeSmart. The climate-controlled self storage facility is slated for completion by year’s end.
Brett Buckner, Jimmy Stevens and Major Martin of Ackerman & Co. provided in-house representation for the seller. Ackerman & Co. originally acquired the 4.1 million square-foot Stone Mountain industrial portfolio in 2015.