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Atlanta Developer Sells Georgia Portfolio for Top Dollar Amid Surging National Demand for Warehouses

McDonald Development's Deal Fetches Above-Average Prices for Atlanta and Savannah Properties

McDonald Development completed this distribution building and sold it along with 13 others. (CoStar)
McDonald Development completed this distribution building and sold it along with 13 others. (CoStar)

A longtime Atlanta industrial real estate owner and developer sold off a portfolio of Georgia warehouse properties it built over the past 25 years at a price well above the average, an indicator of how strong the market for warehouse investment has become with the rise in e-commerce sales.

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