FORMER SUPERVALU DISTRIBUTION CENTER SELLS

ATLANTA — A 657,000-square-foot former SuperValu Foods grocery distribution center, located at 605 Selig Dr. S.W. in the Fulton Industrial district of Atlanta, has been acquired by 605 Selig Drive, LLC, an entity affiliated with Covington Capital. The buyer plans to rebrand the industrial property as Logistics Pointe. St. Louis-based Commercial Development Corp. sold the site, which was approximately 50 percent occupied at the time of the transaction and includes more than 40 acres. Steven Cooney of Tranzon Asset Advisors represented the seller, while David Beak of NAI Brannen Goddard represented the buyer. Covington Capital is planning an aggressive program of interior and exterior improvements.