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| Rendering of Planned Southwest 85 Logistics Center, Metro Atlanta, GA |
ATLANTA, GA – Atlanta-based Core5 Industrial Partners has
closed on a 109-acre, fully entitled industrial site at Exit 51 in the
I-85/Southwest Atlanta submarket. Core5 will immediately break ground on the
development of Southwest 85 Logistics Center, a 1.1 million-square-foot
state-of-the-art facility, which is expandable to 1.3 million square feet and
has all the attributes of an e-commerce fulfillment center. Delivery of the
building is scheduled for the second quarter 2018.
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| Lisa Ward |
The configuration of the
Southwest 85 site offers outstanding flexibility and expansion opportunities up
to 1.3 million square feet. The proposed building will feature 40-foot clear
ceiling height and can accommodate trailer parking for over 520 trailers with
well over 1,000 auto parking spaces.
The site is in pro-business northern
Coweta County and offers significant 5-year job tax credits equal to $3,500 per
qualified job with a total value of $7 million for the creation of 400
qualified jobs.
“Located less than two
minutes from Exit 51 on I-85, the property provides outstanding access and
interstate frontage visibility coupled with easy proximity to Metro Atlanta’s
population base. This will be an ideal facility for e-commerce fulfillment,”
states Lisa Ward, Senior Vice
President and Managing Director for Core5. “Core5 is very bullish on the
Southwest Atlanta Market and on this site, in particular,” offers Ward.
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| Greg Wright |
Southwest 85 is a
replacement facility for Core5’s Shugart Farms facility where Duracell signed a
10-year lease before building completion earlier this year.
The building was
sold to TA Realty in June 2017. Core5 currently has another 3.7 million square
feet in six projects under construction or in the immediate pipeline around the
city in addition to Southwest 85 Logistics Center.
“We continue to see
significant demand from large-scale users in the metro area with absorption
outpacing supply,” continues Ward. Southwest 85 will be Core5’s first building
in Atlanta over one million square feet in size.
“We are delighted that
Core5 Industrial Partners has chosen to invest in Coweta County,” states Greg Wright, President of the
Development Authority of Coweta County.
“With our location, access to a
qualified workforce and superior quality of life, we know that Southwest 85
Logistics Center will be a property in high demand. We look forward to working
with the Core5 team to help recruit more great jobs in our community,” Wright
added.
For additional information
about Southeast 85 Logistics Properties, contact Lisa Ward at 404.262.5430 or lw@c5ip.com.
For details on Core5 Industrial
Partners, visit www.c5ip.com.
For more information on this news release, please
contact:
RITA SKAGGS
RED DART Real Estate
Consulting
404.788.3231
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