Press Release, August 11, 2009
ATLANTA – CresaPartners, an international corporate real estate advisory firm, represented S & P Investment, Inc., also known as Central Pipe and Supply, in lease negotiations for expansion of its distribution facility to 90,317 square feet of industrial space. Ed Riggins, Executive Vice President of CresaPartners Atlanta, assisted Central Pipe and Supply in its decision to retain its warehouse and manufacturing facilities at 4164 Northeast Expressway, Doraville, Georgia 30340, and to lease additional space.
Central Pipe and Supply was founded in 1998 as a pipe, valve, and fittings (PVF) fabricator servicing the fire protection market. Originally, the company had a 7,500 square foot warehouse, three employees and assorted welding and threading equipment. Over the past eleven years, Central Pipe and Supply has grown to more than 60 employees and now services the fire protection, utility, industrial, plumbing and mechanical markets. The company’s sales have doubled every three years and it is now one of the largest independent suppliers in the Southeast.
“Maintaining our Doraville presence is important, since this is the main corridor of our customer base,” said Steve Sheppard, owner and founder of Central Pipe and Supply. “With CresaPartners’ assistance, we have expanded four times over the past eight years at this location and will use the new space to house larger inventories to meet increasing customer demand.”
“Central Pipe and Supply’s growth over the past eight years has been phenomenal,” said Ed Riggins, Executive Vice President with CresaPartners. “Steve Sheppard leased 20,000 square feet just a few days after September 11, 2001, and has since expanded to the current 90,000 square foot facility. Growing by 44% this year is certainly a success story, especially in the midst of our current economic crisis.”
Jeff Lucas of ProLogis-Atlanta South represented the owner, ProLogis, a global leader in distribution facilities.
About Central Pipe and Supply
Central Pipe and Supply is a wholesale pipe, valve and fittings (PVF) supply company that was founded in 1998 to service the needs of the fire protection market. While fire protection is still one of the company’s primary markets, the company also supports the utility, industrial, plumbing and mechanical industries. As of one of the largest independent PVF suppliers in the Southeast, Central Pipe and Supply offers a diverse inventory, as well as a wide range of fabrication capabilities. In 2005, the company achieved National Association of Pipe Fabricators (NAPF) approval and achieved American Society of Mechanical Engineers (ASME) certification in 2008.
About CresaPartners, LLC
CresaPartners is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Relocation Planning and Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Lease Administration, Capital Markets, Sustainability, Supply Chain and Facilities Consulting. With more than 50 offices, CresaPartners is the largest tenant representation firm in North America. Internationally, CresaPartners covers more than 125 locations in 35 countries. For more information, visit www.cresapartners.com.