Fairburn 85 Self Storage Marks Joint Venture’s Second Successful Development
Atlanta (April 12, 2023) — Coro Realty and DG Partners have sold a state-of-the-art 800-unit self-storage facility in Fairburn, Ga. to Amsdell Companies.
The 2.65-acre site is less than a half-mile from Interstate 85 and approximately 10 miles south of Hartsfield‐Jackson Airport. It is on the heavily traveled route between I-85 and Peachtree City, the largest city in Fayette County.
The joint-venture partners delivered Fairburn 85 Self Storage in 2021. It represents their second successful self-storage development and exit.
“Fairburn 85 Self Storage exemplifies Coro Realty’s value as a strategic partner,” said Robert Fransen, President of Coro Realty. “The team acquired a high-profile site in an underserved market, brought in a best-in-class general contractor and operator, and leased 70% of the units in under one year of opening, which is very fast for a self-storage development of this size. We congratulate Amsdell Companies on their acquisition as we look to our next opportunities.”
The 114,000-square-foot self-storage facility at 7935 Senoia Road is climate controlled with state-of-the-art security, elevator access and lighting. The partners developed two additional buildings for vehicles and similar storage on the site.
Luke Elliot with Cushman & Wakefield represented the seller.
Coro Realty will use the proceeds to expand its climate-controlled self-storage portfolio, including pending developments in Dunwoody, Flowery Branch and Woodstock, GA.
About Coro Realty
Coro Realty was founded in 1997 and is synonymous with intelligent real estate development and investment. With a commitment to smart growth, the urban landscape and innovation, Coro Realty continues to demonstrate its leadership in the market with the successful execution of quality investments. It provides investment, asset management, leasing and property management for a myriad of commercial and residential properties throughout the Southeastern United States. Coro Realty oversees approximately 50 properties valued in excess of a billion dollars. For more information, visit cororealty.com.
Media contact: Thornton Kennedy, (404) 210-0363, thornton@prsouth.net