Axis Partners, an Atlanta-headquartered real estate investment platform, has partnered with Sweetwater Holdings on the $111 million sale of an 85-acre portfolio comprised of 22 industrial outdoor storage facilities located primarily throughout the Sunbelt states.
The portfolio, which was acquired by real estate investment firm Realterm, consists of assets with a wide variety of uses, including maintenance and fleet facilities, bulk materials/equipment storage, equipment rental, truck terminals, and traditional industrial buildings. The assets are concentrated in robust infill logistics locations throughout several of the most dynamic industrial markets in the country, with roughly two-thirds of the properties spread across Atlanta and Texas.
“This transaction validates our investment thesis and the durability of Industrial Outdoor Storage as a core real-estate asset class,” said Crawford Arnold, founder and partner of Axis Partners. “The sale of this portfolio also confirms Axis’ position among the leading institutional platforms in the sector, and we intend to reinvest aggressively as we scale from here.”
