SkyREM Announces Long-Term Lease Renewal at 5070 Phillip Lee Drive, Atlanta, GA

NEW YORK, March 26, 2025 /PRNewswire/ — SkyREM, a leader in commercial real estate investment and management, is pleased to announce the long-term lease renewal with Kittrich, LLC, at 5070 Phillip Lee Drive, a 400,800 square foot in-fill industrial property located in Atlanta’s Fulton Industrial submarket. Kittrich, LLC is a leading global manufacturer and distributor of high-quality consumer goods, serving customers around the world.

“Kittrich, LLC has been a valued tenant at 5070 Phillip Lee Drive for many years, and we are excited to continue this special partnership and supporting their operations with this long-term lease renewal,” said Marc Civitillo, Managing Director at SkyREM. “We are committed to and actively expanding in the Southeast, with approximately 2 million square feet of new acquisitions in Georgia alone in 2024″.

As part of the lease renewal, SkyREM will fund significant capital improvements at the property, including new asphalt parking lot, office and bathroom renovations, LED lighting upgrades, new perimeter fencing, exterior painting and new loading dock packages.

The 5070 Phillip Lee Drive facility is strategically located within the Fulton Industrial submarket, one of Metro Atlanta’s most prominent and sought-after industrial hubs. The property offers unparalleled access to major highways like I-20, essential for efficient distribution and manufacturing operations. Additionally, the facility is rail-served, a key feature for companies requiring seamless freight transportation and last-mile delivery solutions.

About SkyREM, LLC

SkyREM, with offices in New York City and Philadelphia, is a privately funded and managed real estate company that owns and operates a large, diversified portfolio of properties across the United States. As a principal for its own account, SkyREM is actively acquiring properties throughout the country. Known for its strategic investments in industrial, commercial, and residential real estate, SkyREM continues to grow its presence with a focus on value creation and long-term success. For more information on SkyREM, follow us on LinkedIn or at https://skyrem.com/.

For SkyREM Investment and Development, inquiries, please contact:
Acquisitions/Development: Jacob Dembitzer, James Pancetti

For more information on SkyREM and its properties, please visit https://skyrem.com/.

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Media Contact:
Marc Civitillo
SkyREM
marc@skyrem.com 

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SOURCE SkyREM