1700 Old Covington - ATL East Portfolio 5 biens | Conyers, GA

The ATL East Redevelopment Portfolio presents an exceptional opportunity to acquire a strategically positioned, multi-building industrial campus in one of the most dynamic and supply-constrained logistics corridors in the Southeast. Located directly along I-20 in Conyers, the property sits at the heart of the rapidly expanding I-20 East submarket, a magnet for advanced manufacturing, data centers, and distribution users seeking proximity to Atlanta’s labor force, robust interstate network, and major economic drivers. This rare assemblage offers immediate and long-term value creation through flexible redevelopment paths, income-producing buildings, and the potential to deliver modern shallow-bay industrial product in a submarket experiencing accelerating tenant demand.
The portfolio’s scale and zoning allow investors to pursue several strategic outcomes. A full redevelopment scenario unlocks the ability to construct two state-of-the-art industrial facilities optimized for today’s logistics and manufacturing requirements. Alternatively, new ownership can preserve select existing structures, generating near-term cashflow while maintaining optionality to phase redevelopment in alignment with market timing. The site’s established ingress and egress points, generous truck courts, and straightforward circulation reinforce its appeal to a wide range of users. The property’s M1 industrial zoning, ample depth, and multi-tenant compatibility further enhance development flexibility for operators targeting small to mid-bay demand.
Beyond its physical attributes, the property benefits from powerful regional fundamentals. Atlanta remains the economic epicenter of the Southeast, home to the world’s busiest airport, population growth exceeding 80,000 residents annually, and a logistics network that connects occupiers to 80 percent of the U.S. population within a two-day drive. The I-20 East corridor is a focal point for large-scale corporate investment from leaders in manufacturing, pharmaceuticals, and technology infrastructure, driving 610,000 square feet of absorption over the last year and maintaining some of the strongest leasing velocity in the metro. With limited competing land positions, investors have a rare opportunity to shape a next-generation industrial hub in one of the region’s most resilient and high-growth markets.