Strategic Joint Venture for Atlanta Industrial Property Acquisition Unveiled

Strategic Joint Venture for Atlanta Industrial Property Acquisition

On November 5, 2025, a significant announcement emerged from the heart of Atlanta, where Firestone Partners proudly declared a joint venture alongside Matterhorn Venture Partners and Fox Capital Partners. This collaboration has led to the acquisition of a notable 25,382-square-foot light-industrial building located at 1717 Koppers Road in Conley, Georgia, an area noted for its thriving industrial submarket close to the airport.

This single-tenant asset, which sprawls across 3.07 acres, presents an exceptional value-add opportunity amidst one of the region's most land-constrained logistics corridors. The strategic procurement is already paving the way for a new era as Firestone has executed a five-year triple-net lease agreement upon closing with one of the largest truck transportation firms in the United States. This lease not only affirms the property's prime location but also implies a long-term appeal for logistics and distribution-based operations. It includes steady annual rent increases and two additional five-year renewal options, indicating a solid investment for the future.

Firestone Partners envisions a comprehensive capital improvement program aimed at revitalizing the asset. This overhaul will encompass a full office overhaul, installation of a new sprinkler system, as well as upgrades to the roof, exterior, and lighting systems—addressing all deferred maintenance issues. Such enhancements are projected to render a fully stabilized, revenue-generating property immediately after closing, thus bolstering the asset's long-term market viability and value.

Marc Hedrick, Partner at Firestone Partners, shared insight into their strategic foresight, remarking, "This transaction is a prime example of our value-add strategy and operational methodology. We are dedicated to acquiring well-located, infill industrial properties at appealing prices and repositioning them through targeted capital improvements. This ensures the security of long-term leases with credit tenants." He further emphasized the favorable supply-demand dynamics in Atlanta, reaffirming that this asset aligns perfectly with their investment strategy in high-growth corridors.

Joining in the excitement, Matt Kay, Principal and Co-Founder of Matterhorn Venture Partners, highlighted Firestone's local expertise as a crucial component of this successful partnership. Kay stated, "Firestone's deep local expertise and institutional pedigree made them an ideal partner for this transaction. This acquisition complements our national portfolio excellently, and we have full confidence in Firestone's capability to efficiently execute their shallow bay industrial acquisition strategy across the Southeast, providing substantial growth potential over time."

About the Partners

Firestone Partners

Based in Atlanta, Firestone Partners is a real estate investment firm with a keen focus on acquiring and overseeing industrial properties across the Southeast. Their strategy revolves around targeting value-driven opportunities in high-growth submarkets, leveraging extensive operational experience and local market expertise to deliver consistent performance and robust returns for investors.

Fox Capital Partners

Fox Capital Partners specializes exclusively in the industrial real estate sector. The firm manages a series of discretionary funds and joint ventures, collaborating with trusted developers and operators to invest in institutional-grade industrial developments and value-add acquisitions.

Matterhorn Venture Partners

Launched in 2024, Matterhorn Venture Partners is a Chicago-based private real estate investment firm that actively acquires and manages industrial assets nationwide. Having amassed over $90 million in total capitalization across seven states and more than 400,000 square feet, MVP works closely with both private and institutional partners to enhance property value through targeted improvements and systematic portfolio management.

In conclusion, the joint venture among Firestone Partners, Matterhorn Venture Partners, and Fox Capital Partners marks a significant step forward in Atlanta's industrial real estate landscape, reflecting a keen understanding of market trends and strategic investment planning.