SkyREM Celebrates Long-Term Lease Renewal with Kittrich in Atlanta's Industrial Hub
SkyREM, a key player in the commercial real estate sector, has successfully renewed a long-term lease with Kittrich, LLC, at 5070 Phillip Lee Drive, located in Atlanta, Georgia. This industrial property spans an impressive 400,800 square feet and is situated in the highly sought-after Fulton Industrial submarket, known for its strategic connectivity and prominence in the region's industrial landscape.
Kittrich, LLC, recognized globally as a leading manufacturer and distributor of consumer goods, has enjoyed a productive partnership with SkyREM for years. Marc Civitillo, the Managing Director at SkyREM, expressed his enthusiasm about this continued collaboration, stating, "Kittrich, LLC has been a valued tenant at 5070 Phillip Lee Drive for many years, and we are excited to continue this special partnership and support their operations with this long-term lease renewal." SkyREM is actively expanding its footprint in the Southeast, with approximately 2 million square feet of new acquisitions in Georgia alone during 2024.
The lease renewal comes with a commitment from SkyREM to invest in significant capital improvements at the facility. Planned enhancements include the construction of a new asphalt parking lot, renovations to office and bathroom spaces, modern LED lighting upgrades, new perimeter fencing, exterior painting, and improved loading dock facilities. These upgrades aim to boost the operational efficiency of the property and enhance the overall experience for tenants and their workforce.
A pivotal aspect of the 5070 Phillip Lee Drive facility is its prime location within the Fulton Industrial submarket. This area is one of Metro Atlanta's key industrial hubs, providing exceptional access to major highways, including I-20, which is crucial for distribution and manufacturing activities. Moreover, the property is rail-served, presenting an invaluable feature for companies that rely on seamless freight transportation and efficient last-mile delivery solutions.
SkyREM operates from its offices in New York City and Philadelphia, managing a diverse portfolio across the United States. The company is known for its strategic approach in acquiring and enhancing properties, particularly in industrial, commercial, and residential real estate sectors. With a focus on value creation and long-term growth, SkyREM continues to solidify its presence in the market, aiming for sustained success in all its endeavors.
For further details about SkyREM and its portfolio, interested parties can visit their website at SkyREM or follow them on LinkedIn. This lease renewal signifies a strong commitment to long-term partnerships in the commercial real estate industry, emphasizing the importance of collaboration between property owners and tenants to foster growth and innovation in the sector.
Kittrich, LLC, recognized globally as a leading manufacturer and distributor of consumer goods, has enjoyed a productive partnership with SkyREM for years. Marc Civitillo, the Managing Director at SkyREM, expressed his enthusiasm about this continued collaboration, stating, "Kittrich, LLC has been a valued tenant at 5070 Phillip Lee Drive for many years, and we are excited to continue this special partnership and support their operations with this long-term lease renewal." SkyREM is actively expanding its footprint in the Southeast, with approximately 2 million square feet of new acquisitions in Georgia alone during 2024.
The lease renewal comes with a commitment from SkyREM to invest in significant capital improvements at the facility. Planned enhancements include the construction of a new asphalt parking lot, renovations to office and bathroom spaces, modern LED lighting upgrades, new perimeter fencing, exterior painting, and improved loading dock facilities. These upgrades aim to boost the operational efficiency of the property and enhance the overall experience for tenants and their workforce.
A pivotal aspect of the 5070 Phillip Lee Drive facility is its prime location within the Fulton Industrial submarket. This area is one of Metro Atlanta's key industrial hubs, providing exceptional access to major highways, including I-20, which is crucial for distribution and manufacturing activities. Moreover, the property is rail-served, presenting an invaluable feature for companies that rely on seamless freight transportation and efficient last-mile delivery solutions.
SkyREM operates from its offices in New York City and Philadelphia, managing a diverse portfolio across the United States. The company is known for its strategic approach in acquiring and enhancing properties, particularly in industrial, commercial, and residential real estate sectors. With a focus on value creation and long-term growth, SkyREM continues to solidify its presence in the market, aiming for sustained success in all its endeavors.
For further details about SkyREM and its portfolio, interested parties can visit their website at SkyREM or follow them on LinkedIn. This lease renewal signifies a strong commitment to long-term partnerships in the commercial real estate industry, emphasizing the importance of collaboration between property owners and tenants to foster growth and innovation in the sector.
Topics General Business）
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