Taylor & Mathis Sells Five-Building Cobb County Industrial Project to IPT

Chastain Meadows V, LLC, a Taylor & Mathis-sponsored investment entity, has sold five of the industrial buildings it developed at the Chastain Meadows business park in Kennesaw, GA to Industrial Properties Trust, Inc. (IPT), a publicly registered non-traded REIT based in Denver, Co.  The buildings, which were developed from 2007-2009, total 510,700 SF and were 96.3% occupied at the time of the sale.  Chris Riley, Frank Fallon and Brian Budnick at CBRE represented Taylor & Mathis in the transaction.