Greenleaf Buys Lithonia Industrial (96,847 SF) in Atlanta

Source: LinkedIn

Read the full report at LinkedIn. What the article says:

• Deal / Price / Size

  PURCHASE CLOSED | Lithonia Industrial – Lithonia, GA Greenleaf is excited to announce the successful acquisition of Lithonia Industrial (L139), a 96,847-square-foot multi-tenant industrial/flex campus located just east of Atlanta. The $8.19 million acquisition, or approximately $85/SF, provides an attractive basis well below replacement cost and comparable small-bay industrial sales. Our business plan includes a staged exit strategy, with plans to sell the two shallow-bay flex buildings after approximately one year while retaining the larger warehouse to capture additional value through future lease renewals and rent growth. Projected deal-level returns include: ✅ 18.3% LP IRR ✅ 1.71x LP Equity Multiple ✅ 8.11% Year 5 Cash-on-Cash Return ✅ 5-Year Projected Investment Term We’re grateful to our investors, partners, and everyone who helped bring this acquisition across the finish line. A special thanks to: Joe Hoffman Ruda Hirschfeld Papera & Hoffman Team Tom Shafer Chase Mathews David Codrea Josh Friedensohn Mark Buchanan Dana Brake Duncan Whitehead Alaina Owens & The Greenleaf Team

• Deal / Buyer

  PURCHASE CLOSED | Lithonia Industrial – Lithonia, GA Greenleaf is excited to announce the successful acquisition of Lithonia Industrial (L139), a 96,847-square-foot multi-tenant industrial/flex campus located just east of Atlanta.

• Price

  The $8.19 million acquisition, or approximately $85/SF, provides an attractive basis well below replacement cost and comparable small-bay industrial sales.

Article date: 2026-09-11T13:38:20.926Z