Property overview
235 Hembree Park is an off-market acquisition of a light industrial property located in Roswell, GA within the North Fulton/Forsyth County submarket of Atlanta, Georgia. The submarket remains a desirable location for industrial tenants, with Atlanta industrial rent growth exceeding the national average for five consecutive years prior to acquisition, supported by extensive logistics infrastructure and steady population growth.
The property was built in 1999 and was 100% leased at the time of acquisition. The existing tenant of the property at acquisition invested significant capital in prior years, including specialized manufacturing equipment, automated machinery, and upgraded restroom facilities throughout the property, providing for strong current and future tenancy.
As a light industrial property, 235 Hembree Park is well-positioned to benefit from the structural advantages that have consistently differentiated smaller industrial assets from bulk industrial. Nationally, light industrial properties have maintained meaningfully lower vacancy rates than bulk warehouses over the last twenty years as development has overwhelmingly been concentrated in larger building sizes.
GCREIT is pleased to expand its growing footprint in Atlanta with the addition of 235 Hembree Park. Atlanta benefits from robust logistics infrastructure, limited new industrial supply, steady population growth, and access to a skilled labor force, all of which position 235 Hembree Park to benefit from favorable supply-demand dynamics and strong tenant retention.
Global city
Atlanta has emerged as an attractive destination for distribution and light manufacturing operators seeking efficient access to the region. The city benefits from logistics and transportation infrastructure including three major intersecting interstates, significant rail networks, one of the world's busiest airport (Hartsfield-Jackson International), and proximity to one of the country's fastest-growing ports (Port of Savannah).
Atlanta's population has continued to grow steadily and is projected to continue outpacing U.S. population growth. The North/Forsyth County submarket, where 235 Hembree Park is specifically located, attracts tenants seeking Atlanta's skilled labor force, smaller and mid-sized warehouse space, and last-mile distribution capabilities serving the region’s affluent communities. Atlanta absorbed over 2 million square feet of industrial space in 2025, representing strong tenant interest in the market.
