EastGroup Acquires Atlanta Property, Sees Healthy Leasing Activity

EastGroup Properties (EGP) recently announced that it acquired Riverpoint Industrial Park in Atlanta for around $88 million in November. With this, the REIT’s ownership in Atlanta reached around 2,246,000 square feet, with 98.1% being leased. Developed in 2020, this property, which comprised three industrial buildings totaling 779,000 square feet, is fully leased to six tenants. EGP’s expansion efforts in the resilient Sunbelt, shallow bay industrial market seem a strategic fit.In November, EGP is also slat ...