Dividend West Partners

At Dividend Realty, we are a team of dedicated professionals who have been exceeding expectations in industrial development for years. Our leadership team, comprising of John P. Tiernan, P.E., Mark Wright, CCIM, SIOR, DBIA, and Larry Aronson, is passionate about providing top-quality services that cater to the needs of our clients. We are a leading provider of innovative solutions in the real estate industry, with a focus on redevelopment, revitalization, and repurposing of properties.

Our team has extensive experience in handling various aspects of industrial development, from acquiring and redeveloping properties to ensuring they meet the latest environmental standards. We believe in providing our clients with not just a space but a place where they can grow and thrive. We offer a wide range of services including property redevelopment, revitalization, and repurposing, as well as ensuring environmental compliance and sustainability.

Our projects showcase our commitment to excellence and our ability to transform properties into thriving spaces. From the redevelopment of the LaGrange Logistics Center to the creation of the Wencor Headquarters, we have consistently demonstrated our expertise and dedication to delivering high-quality results. We have worked with a variety of clients, including international companies like Assa Abloy Entrance Systems and Atlas Roofing, and have helped them achieve their goals by providing them with state-of-the-art facilities.

Our Services

At Dividend Realty, we understand that every client has unique needs and requirements. That's why we offer a range of services tailored to meet the specific demands of each project. Whether it's acquiring and redeveloping properties, ensuring environmental compliance, or providing sustainable solutions, we are committed to delivering exceptional results that exceed our clients' expectations.

We specialize in property redevelopment, revitalization, and repurposing, taking abandoned or contaminated properties and transforming them into thriving spaces. Our team is experienced in handling complex redevelopment projects, including identifying and remediating environmental contaminants, improving energy efficiency, and adding new features to enhance the property's value.

We also offer services related to environmental compliance and sustainability. We believe in creating spaces that are not only functional but also environmentally friendly. We work closely with our clients to ensure that their properties meet the latest environmental standards and are equipped with sustainable features such as solar power systems and energy-efficient roofing.

Our Projects

At Dividend Realty, we take pride in our ability to transform properties into thriving spaces. Here are some of our notable projects:

• LaGrange Logistics Center: In December 2019, Dividend Realty purchased this vacated industrial property in the heart of the fast-growing LaGrange Industrial Park. We are quickly redeveloping the property into a modern 240,000 square feet logistics center for multi-tenant use. Completion is scheduled for the Summer of 2020.

• Atlantic Center: Dividend acquired TDK's former video cassette tape manufacturing facility and is redeveloping the property into a multi-tenant industrial space. The project includes demolition of old process equipment, adding a $2MM synthetic-turf professional baseball field with stadium lighting, significantly improving energy efficiency by installing a 440 kilowatt solar power system, new TPO roof with rigid foam insulation, and led lighting, as well as a 35,000 square foot expansion and completely renovated office and warehouse space.

• Wencor Headquarters: Dividend acquired two abandoned and environmentally contaminated properties of the former Photocircuits manufacturing company. These properties were revitalized under the Georgia Environmental Protection Division's Brownfield Program. All sources of contamination were identified and fully remediated. This property was then redeveloped, by completing, in only six months, a rigorous, complicated reconstruction plan, culminating in a new headquarters and primary distribution center for the Wencor Group, an innovative aviation parts company.

• 100 Gardner Park: Dividend acquired Gardner Denver's industrial blower plant, relocating their manufacturing equipment to their facility in Pennsylvania. Redevelopment of the property included a new TPO roof with rigid foam insulation, subdivision of the space for three new tenants, and installation of a 240 kilowatt solar power system. The 25,000 square feet of the former administrative, engineering and R&D offices were remodeled for Panasonic Automotive Systems.

• 665 Building: Dividend acquired this former paper manufacturing plant, redeveloping it into a flex space facility with professional offices on the front side and warehouse space with dock doors on the reverse side of the building. The original square footage of approximately 48,000 square feet was expanded to almost 117,000 square feet in order to maximize the buildable acreage of the property. Additionally, a cell tower site was added to the property with a 50-year lease.

• Assa Abloy Entrance Systems: Dividend acquired two abandoned and environmentally contaminated properties of the former Photocircuits manufacturing company. These properties were revitalized under the Georgia Environmental Protection Division's Brownfield Program. All sources of contamination were identified and fully remediated. This property was then redeveloped into the southeastern regional offices for Assa Abloy Entrance Systems and a new manufacturing facility for their MegaDoor product. The MegaDoor manufacturing process required design for and installation of a 72' span 13-ton bridge crane. Additionally, a 225 kilowatt solar power system was installed on a new high efficiency TPO roof.

• Atlas Roofing: Dividend completed the redevelopment and repurposing of this former printing facility in Phoenix, Arizona. The project included raising the roof on a 40,000 square foot portion of the building from 10' clear height to 23' clear height to accommodate a new manufacturing process. The facility was then converted into a polyisocyanurate foam insulation manufacturing facility for Atlas Roofing Company. Project work included column footing upgrades, new structural steel columns and bracing, and an additional $8 million dollar process related improvements.

• Scholle IPN Packaging: Dividend acquired the former Sealed Air Corporation property. The original 50,000 square feet of space was expanded to approximately 100,000 square feet, with a new TPO roof with rigid foam insulation and a 240 kilowatt solar power system installed.

Our Leadership Team

At Dividend Realty, we are proud of our leadership team, comprising of John P. Tiernan, P.E., Mark Wright, CCIM, SIOR, DBIA, and Larry Aronson. Each member of our leadership team brings a wealth of experience and expertise in the real estate industry, ensuring that our clients receive the highest level of service and support.

• John P. Tiernan, P.E.: John is the Managing Principal at Dividend Realty. He has extensive experience in property redevelopment, revitalization, and repurposing, as well as environmental compliance and sustainability.

• Mark Wright, CCIM, SIOR, DBIA: Mark is a Broker and Principal at Dividend Realty. He has a strong background in industrial development and is well-versed in providing innovative solutions to clients.

• Larry Aronson: Larry is a Principal at Dividend Realty. He has a deep understanding of the real estate industry and is committed to delivering exceptional results for our clients.

Contact Us

For more information about our services and projects, please contact us at 770-542-8480 or visit our website at www.dividendrealty.com.