Avistone continues to expand its presence in key U.S. industrial markets with the recent acquisition of Pike Center, a three-building, 96,651 square-foot multi-tenant shallow-bay industrial business park located in Atlanta’s highly active I-85 North Corridor.
The acquisition reflects Avistone’s long-term investment strategy of targeting well-located, multi-tenant industrial properties that offer stable in-place income and meaningful value creation opportunities.
A Strategic Location in One of Atlanta’s Strongest Industrial Corridors
Pike Center is situated within one of Metro Atlanta’s most dynamic industrial submarkets, an area known for its strong tenant demand and excellent connectivity to the broader regional logistics network. The property’s location along the I-85 corridor provides convenient access to major transportation routes, population centers, and Atlanta’s extensive distribution infrastructure.
This positioning makes Pike Center particularly attractive to a wide range of industrial users, including:
At the time of acquisition, the property benefits from strong in-place occupancy and a diversified tenant base, supporting consistent cash flow and operational stability.
A Perfect Fit for Avistone’s Investment Strategy
Multi-tenant shallow-bay industrial properties like Pike Center represent a core focus of Avistone’s acquisition strategy. These assets typically feature multiple smaller tenants, which can reduce reliance on any single occupant and provide resilience during changing economic conditions.
“Pike Center embodies exactly what we look for in today’s market — a well-located, multi-tenant shallow-bay industrial asset with strong in-place income, a diversified tenant roster, and the opportunity to drive additional value through hands-on ownership,” said Dan Culler, Chief Executive Officer of Avistone.
These types of properties often benefit from durable tenant demand as small and mid-sized businesses continue to seek flexible, functional industrial space close to major metropolitan areas.
Value Creation Through Active Ownership
Following the acquisition, Avistone plans to implement its proven ownership approach, which focuses on enhancing property performance through:
This strategy has been a key driver of Avistone’s ability to improve property performance and unlock long-term value across its industrial portfolio.
Strong Financing Partnership
Debt placement for the acquisition was arranged in partnership with JLL Capital Markets, with Jack Britton and Wells Waller leading the financing effort on behalf of Avistone. The financing structure reflects Avistone’s disciplined approach to leverage and its focus on maintaining long-term stability across its investments.
Continued Growth in High-Demand Industrial Markets
The acquisition of Pike Center allows Avistone’s to re-enter Atlanta, a market that continues to benefit from population growth, expanding logistics infrastructure, and sustained industrial demand.
“This transaction reflects our continued confidence in the shallow-bay industrial sector and our commitment to acquiring assets that combine current income with meaningful upside,” Culler added.
By focusing on well-located industrial assets with strong fundamentals, Avistone continues to build a portfolio designed to deliver resilient cash flow and long-term value for investors.