Former Distribution Center Sold

May 17, 2018|

Real estate company Sherman and Hemstreet has sold a 24-acre property near the intersection of 15th Street and Wrightsboro Road.

The site was previously used as a 400,000-square-foot industrial distribution center and is located behind the Dart Container Plant.

The distribution center is located at 1812 Slaton St, only a couple miles from the center of downtown.

“This site is one of the last large tracts of land left in the downtown area,” Matt Aitken, the agent who brokered the transaction, said in a press release. “It is going to be exciting to see what type of development the group puts in place on the site.”

Sherman and Hemstreet did not release any information about plans for the development, but Aitken did say in the statement that the transaction “shows that there is significant demand for good housing in the downtown area.”

“We need more innovative projects such as this and the Foundry Project which just broke ground very close to this site,” Aitken said, referring to the 221-unit market-rate apartment complex that recently broke ground in the Laney-Walker/Bethlehem area.

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