Each summer, IPG mentors a college student from the North Georgia region in hopes of providing opportunities for hands-on business experiences. This year, we had the pleasure of having Payton Drake join us for our summer intern program. Payton said "During my internship at IPG, I’ve been able to learn a lot through the hands-on teaching they provide. Seeing the properties has been...
In a NNN (triple net) lease, OpEx is a pass through of operating expenses to the tenant and is paid on a per sq. ft. basis. OpEx covers property taxes, property insurance, and CAM (common area maintenance) expenses. These fees are passed through to the tenant separately from their base rent and are paid on a monthly basis. An example of OpEx: $4.00 psf NNN (base rent) $1.00 OpEx (taxes. insurance,...
TPO Roofing Thermoplastic Polyolefin (TPO) is a single-ply roofing membrane made of rubber which can be installed in a variety of ways. This, combined with its energy savings, makes it one of the most popular roofing materials in industrial real estate development. OVERVIEW: • Roofing can last 15-30 years • Customers choose installation method (ballasted,...
Industrial Properties Group, Inc. finalized the sale of a 143,590 square foot speculative building located at 2052 Knox Bridge Crossing Road in Hartwell, Georgia. Developed in 2020 by Adams Hart Partners I, LLC, the building is situated on 14.8 acres and located one exit south of the South Carolina border. Floyd H. Baldwin, SIOR and Drew C. Addison, SIOR of Industrial Properties Group, Inc. represented...
You may have heard the expression “A stitch in time saves nine.†This phrase is especially true when it comes to preventive building maintenance. While it can seem expensive or burdensome year over year, neglecting upkeep will inevitably lead to costly repairs, frustrated tenants, or negatively impact rental income. With regular inspections and scheduled preventive...
You don’t have to look far to know employers in our state and across the nation are experiencing a shortage of labor. Signage for “Help Needed†is vast throughout the region, with employers even posting wages and benefits in front of their places of business. A simple Google search will give potential employees’ pages and pages of...
Dear Market Report Subscribers, In an effort to keep our clients and subscribers well informed during a rapidly changing real estate market, The IPG Team has decided to publish a supplemental online issue of our Market Report between our regularly distributed print versions. While much of the information may look familiar, we hope you will take the time to read this issue and benefit from the updated...
Industrial Properties Group, Inc.'s president, Floyd H. Baldwin, SIOR, and regional sales director, Drew C. Addison, SIOR, as well as other Atlanta brokers, were interviewed in recent articles by the Atlanta Business Chronicle on the condition and trends of the industrial real estate market. One of the articles titled "Industrial real estate market is thriving in metro Atlanta area" highlights that...
Despite all of the uncertainty in the world with Covid-19, civil unrest, trade wars and the ongoing conflicts in the Middle East, there is also goodness that remains clear. The American economy is strong and American manufacturing is adaptable. And, like all adversity in life, if we look long and hard enough, we can always find the positive in every situation. I have been amazed at how the...
In light of recent challenges during the COVID-19 pandemic, Industrial Properties Group, Inc. created a unique marketing program in order to keep our fellow brokers and economic development partners informed. Part of this marketing program included hosting a self-guided property tour in a poker run format which was held on July 28, 2020. Participants toured five...
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