Firestone Partners, in partnership with Matterhorn Venture Partners and Fox Capital Partners, has completed the acquisition of a 25,382 square foot light industrial building located at 1717 Koppers Road in Conley, Georgia. The property sits on 3.07 acres in one of Atlanta’s most in-demand logistics hubs near the airport, an area known for limited available land and strong tenant interest from transportation and distribution companies.
The building is leased to a single national truck transportation company. Upon closing, Firestone executed a new five-year triple net lease that includes annual rental increases and two renewal options for an additional five years each. The structure is designed to offer stable cash flow while maintaining long-term value and strong tenant alignment.
The joint venture’s plan includes a complete capital improvement program designed to reposition the facility into a modernized and stabilized logistics asset. Planned upgrades include the complete replacement of the office, installation of a new sprinkler system, roof and exterior improvements, and lighting enhancements, along with other deferred maintenance projects. Upon completion of these improvements, the building is expected to serve as a strong long-term logistics location within one of the Southeast’s highest-demand industrial corridors.
Firestone Partners, based in Atlanta, focuses on acquiring and operating industrial properties across the Southeastern United States. Its strategy prioritizes functional infill assets in high-growth submarkets and applies hands-on asset management to generate long-term investor value. The partnership with Matterhorn Venture Partners and Fox Capital Partners strengthens the venture’s ability to scale its shallow bay industrial acquisition strategy across the region.
KEY QUOTES
“This transaction is highly emblematic of our value-add strategy and operating playbook: acquiring a well-located, infill industrial asset at an attractive basis and repositioning it through targeted capital improvements to secure a long-term lease with a credit tenant. The supply-demand fundamentals in Atlanta remain highly favorable, and this asset fits squarely within our investment thesis of pursuing infill, functional product in growth corridors.”
Marc Hedrick, Partner at Firestone Partners
“Firestone’s deep local expertise and institutional pedigree made them an ideal partner for this transaction. This acquisition is highly complementary to our national portfolio, and we believe strongly in Firestone’s ability to execute on their shallow bay industrial acquisition strategy across the Southeast and to scale meaningfully over time.”
Matt Kay, Principal and Co-Founder of Matterhorn Venture Partners
