Meritex Recapitalizes 18-Building Atlanta Warehouse Portfolio
The Meritex Company recapitalized select assets in partnership with funds managed by Vintage Strategies at Goldman Sachs Alternatives. The newly formed continuation vehicle acquired exposure to an 18-building infill industrial portfolio totaling 1,222,596 square feet in Atlanta, GA. Under the terms of the transaction, Meritex will remain as the controlling partner and will serve as the operating member and day-to-day manager of the portfolio.
The portfolio consists of multi-tenant shallow- and mid-bay industrial properties in the Northeast, North Central/Georgia-400 and Northwest submarkets of Atlanta. The properties are situated in Kennesaw, Smyrna, Norcross, Lawrenceville, and Alpharetta.
Serving a diverse tenant base across a broad range of industries, the properties benefit from strong market fundamentals, including limited availability of developable land and sustained demand for distribution and light manufacturing space. As a result, the portfolio is expected to benefit from long-term occupancy stability and continued operating performance.
