Irving, TX – Cobalt Capital Partners, L.P., together with USAA Real Estate Company, has acquired the Peachtree Business Center, a 231,826 square foot five building property located in the Northeast submarket of Atlanta, GA. This acquisition increases Cobalt’s Atlanta MSA portfolio to 1,749,428 square feet. The buildings are currently 73.4% occupied by nine tenants. The seller was WAFRA Investment Advisory Group, Inc.

Cobalt Capital Partners, a Dallas-based private equity firm, acquires, manages and develops light industrial properties in major metropolitan markets throughout the United States. The Cobalt Industrial REIT is a private REIT advised by Cobalt Capital Partners. Across its national platform, the Cobalt Industrial REIT owns more than 13 million square feet of light industrial space.

For information on Cobalt Capital Partners or to submit an investment for review, please visit our website www.cobaltcapitalpartners.com or contact:
Lewis D. Friedland, Managing Partner
Cobalt Capital Partners, L.P.
5605 N. MacArthur Blvd., Suite 350, Irving, TX 75038
Tel: (972) 893-7000 Facsimile: (972) 893-7001
E-mail: lew.friedland@cobaltcapitalpartners.com