Ideation, formerly H&F Bread Co., will continue occupying the facility for three years
MDH Partners today announces the acquisition of 1500 Marietta Boulevard, a 48,975-square-foot industrial building located in Atlanta, Georgia, in a sale-leaseback transaction with the tenant, Ideation.
“MDH Partners is pleased to acquire 1500 Marietta Boulevard as Atlanta’s Upper Westside continues to thrive and attract many new and exciting developments,” said Joe DeHaven, Senior Managing Director at MDH Partners. “This deal represents an opportunity to acquire an urban, infill industrial building at a time when many of the warehouses in this submarket have been re-positioned for different uses, and the remaining industrial supply is scarce. 1500 Marietta Boulevard offers great long-term value and an irreplaceable location, with proximity to the city’s fastest-growing population centers.”
Ideation has committed to lease 1500 Marietta Boulevard for three years. The Class B, infill industrial facility is located in the heart of the Upper Westside with close proximity to I-75 and the I-285 loop. The facility also boasts immediate access to the recently completed Westside Park and sits adjacent to Tilford Yard, where TPA Group is set to develop 77 acres for Amazon, including a 220,000-square-foot delivery station.
H&F Bread Co. is a wholesale bakery founded in Atlanta in 2008 by James Beard Award-winning Chef Linton Hopkins and his longtime friend and entrepreneur Joe Best. It relocated to its current location at 1500 Marietta Boulevard in 2016. H&F Bread Co. sold its bread business to Norcross, Georgia-based Engelman Baking Co., LLC in September 2020 and is now doing business as Ideation. With a second metro Atlanta location in Marietta, Georgia, Ideation provides world-class baking solutions and offers gluten-free, allergen-free and band and rack oven capabilities. From research and development, to innovative manufacturing and packaging solutions, Ideation provides turn-key solutions for restaurants, hotels, grocers, caterers and more.
The metro Atlanta industrial real estate market has seen record-breaking demand for warehouse and distribution center developments this year. According to Colliers, Atlanta saw 9.3 million square feet of space absorbed in Q2, the highest six-month amount in the market’s history. This brings the year-to-date total of space absorbed for the Atlanta industrial real estate market to 21 million square feet.
About MDH Partners
MDH Partners is an Atlanta-based real estate investment company managing its discretionary funds targeting industrial real estate across the United States on behalf of its institutional investors. Founded in 2005 as the successor to a fifty-year-old local real estate development company, MDH Partners has led and/or participated in over $4 billion (75 million square feet) of acquisitions, developments, and asset management as an advisor and investor. For more information, visit www.mdhpartners.com.
