In March 2002, Ashley Capital purchased a 425,000 SF industrial building with excess land in Conyers, Georgia. Located 20 miles east of downtown Atlanta, the acquisition of the Conyers Distribution Center was an excellent opportunity for Ashley to establish a presence in the metropolitan area. Shortly after Ashley took title to the property, the facility underwent a major renovation including: the removal of the prior owner’s manufacturing operations; the addition of 55 dock doors with levelers and shelters; and the installation of an ESFR sprinkler system.

Upon completion of the renovation in December of 2002, Bio-Lab, the world’s largest manufacturer/distributor of water treatment products, signed a long-term lease to occupy the entire building. With the excess land, Ashley developed a 195,000 SF facility in 2004. BioLab, in need of additional space, took occupancy of the entire building in November 2004.