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| Linda Booker |
The company has commenced development in
Atlanta with plans to expand to all of the key logistics markets throughout the
US over the next three years.
Kajima USA stepped forward
in 2015 to capitalize the company with a leadership team from previous
employees of its successful industrial company, IDI, which developed over 175
million-square-feet of Class A properties over a 25 year period prior to
selling the company in October 2013.
Leading Core5’s efforts are Tim Gunter as President and CEO, Linda Booker as CFO and Lisa Ward as Senior Vice President and
Managing Director.
The 175 year-old Japanese
powerhouse, Kajima Corporation, owns
Kajima USA which offers real estate development services, along with
architectural, engineering and construction services through a national network
of specialized companies in the US. Representing Kajima’s industrial real
estate investment, Core5 focuses on development and acquisition of Class A
industrial properties throughout the United States.
 |
| Lisa Ward |
”The US market continues
to offer significant opportunities for accretive development and we have considerable capital resources to
finance deals that take advantage of attractive market conditions, said Gunter,
President and CEO for Core5.
“We’ve been evaluating several markets and specific opportunities and our pipeline is robust going into 2016. We feel good about where we are going.”
“We’ve been evaluating several markets and specific opportunities and our pipeline is robust going into 2016. We feel good about where we are going.”
Core5 Logistics Center at
Shugart Farms, the company’s initial development, is already under construction
with a 873,800 square foot state-of-the-art industrial facility, located in the
I-85 South/Airport market in Fairburn, Georgia, just south of Atlanta’s city
center less than 10 miles from Hartsfield Jackson International Airport.
The Airport Submarket has been the most active
submarket in Metro Atlanta, landing several Fortune 500 companies for
largescale distribution and e-commerce fulfillment center over the last
year.
The new facility, with
anticipated delivery in 3Q 2016, will offer all the key elements desired by
end-users including: 36’ clear height,
significant trailer and auto parking, immediate access to key supply chain infrastructure,
an outstanding labor pool from which to draw employees along with close
proximity to rooftops of Metro Atlanta. Core5 Industrial Partners selected
SunTrust as its financing partner for the project.
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| Tim Gunter |
“We’re excited about the
new product coming out of the ground in Atlanta while at the same time, equally
motivated to break into other key logistic markets in the US.
" For 2016, Core5 has identified approximately 5 million square feet of anticipated development starts in Metro Atlanta and three additional key logistics markets. The future for Core5 looks very bright.”
" For 2016, Core5 has identified approximately 5 million square feet of anticipated development starts in Metro Atlanta and three additional key logistics markets. The future for Core5 looks very bright.”
Core5 Industrial Partners
is an industrial real estate property company with expertise in development and
acquisition of inventory and build-to-suit facilities of Class A industrial
properties.
Headquartered in Atlanta,
Georgia, Core5, named for its five core business principles, was capitalized in
2015 by Kajima USA Group, whose $2 billion industrial holdings were sold in
2013. With current activity in Atlanta, Georgia, Core5 expansion plans include
the key logistic hubs throughout the US.
For more information on Core5 Industrial
Partners, visit www.c5ip.com.
For a complete copy of the company’s news release,
please contact:
Lisa Ward
Core5 Industrial Partners
404-262-5430
lward@c5ip.com
