February 26, 2020
Baltimore, MD (February 24, 2020) – Baltimore-based MCB Real Estate, LLC announced that it has completed a lease with SBS Transportation for a 517,500 square foot logistics center space in Palmetto, GA.
SBS Transportation (SBS) is a single-source, asset-based provider of end-to-end international shipping and logistics solutions – specializing in import container de-vanning, CFS services, export container loading, US Customs Brokerage, International air sea freight forwarding, and International ocean freight contract management. SBS plans to utilize the space for storage, distribution, and minor assembly of finished power sports vehicles (ATV’s, recreation vehicles and jet skis).
MCB and Artemis acquired the Palmetto Logistics center in March of 2019. Located 25 miles south of Atlanta, the logistics center at 1015 Collinsworth Road in Palmetto, GA is positioned with excellent access off of Interstate 85. The property is located within 5 miles of a CSX railway Intermodal and within 15 miles of the Hartsfield-Jackson International Airport – the most traveled airport in the United States.
“We’re ecstatic about the addition of SBS to Palmetto Logistics Center,” explained Mike Trail, Vice President of Acquisitions at MCB. “Given the location and configuration of this asset, we believe SBS is a perfect fit for the project.”
CBRE Industrial & Logistics leasing team led by Mark Hawks and Todd Barton represented the Landlord on this transaction and Mike Sutter of Lee & Associates represented the Tenant.