Cobalt Capital Buys Industrial Portfolio

ATLANTA-Cobalt Capital Partners has purchased a four-building, 636,442-square-foot industrial portfolio here from Denver-based DCT Industrial for an undisclosed price. According to a midyear Grubb & Ellis research report, pricing on a per-square-foot basis has stood at $51.40 for product sold over the last year in that market. The class A buildings, located at 4125 Buford Highway and 3270, 3280 and 3290 Summit Ridge, are 100% leased and include a small amount of office space. Major tenants include PBD Inc. in 173,360 square feet, Masonite Corp. in 100,800 square feet and National Gypsum Co. in 142,800 square feet. CB Richard Ellis executive vice presidents Frank Fallon and Chris Riley, along with associate Brian Budnick, represented DCT Industrial in the transaction. “They owned the property for a number of years and decided... [read full story]