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CRG Nets Higher-Than-Expected Price for Shopify's First US Distribution Hub in Greater Atlanta

Per-Square-Foot Price for Newnan Facility Well Surpassed Expectations, CRG Says
CRG developed Building A on speculation before leasing the 560,000-square-foot facility to Shopify last year. (CRG)
CRG developed Building A on speculation before leasing the 560,000-square-foot facility to Shopify last year. (CRG)
By Ethan Barlage
CoStar Research
March 3, 2022 | 5:45 P.M.

Shopify's first U.S. distribution center in greater Atlanta has sold for a better-than-expected price as the surge in industrial investment continues to drive up prices in the market.

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