Southwest 85 Logistic Center Set to Immediately Break Ground on 109-Acre Site in the I-85 South Corridor of Metro Atlanta, Georgia
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.
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.
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.
About Core5 Industrial Partners
Core5 Industrial Partners is an industrial real estate property company with expertise in development and acquisition of Class-A industrial properties throughout the United States. Headquartered in Atlanta, Georgia and named for its five core business principles, Core5 was capitalized in 2015 by Kajima USA Group following the sale of their $2 billion-dollar portfolio, IDI, to Brookfield.
With current development activity totaling over 7.5 million square feet in Atlanta, Chicago, Dallas, Los Angeles/Inland Empire, Memphis and South Florida, Core5 expansion plans include the key logistic hubs throughout the US.
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.
