PNK Group, the leading developer of industrial facilities in Russia, has selected McDonough, Georgia, for its second development in the United States. The speculative industrial development, known as Southern Gateway at Lambert Farms, will eventually total more than 3 million square feet. Pat Murphy, Ray Stache, Lisa Pittman and Tara Healy of Cushman & Wakefield have been retained as the leasing team for Southern Gateway at Lambert Farms.
“We are very excited about this investment in McDonough,” said Mark Stiles, PNK’s US Partner. “It will be our first high-profile project, and will showcase PNK’s goal of constructing top of market buildings designed for how tenants operate in the changing logistics landscape.”
The company plans to break ground in September on the first building, a 1.1 million-square-foot distribution facility with 40’ clear heights. Southern Gateway at Lambert Farms will be a labor-focused development offering top-of-the-line employee amenities, superior construction and speed-to-market. The property is pad ready for a 1.6 million-square-foot building.
“The development site offers a prime opportunity for PNK Group to make a strong entrance into the Atlanta market,” Murphy said. “It’s located near Interstate 75, the preferred access route to the Port of Savannah and the Port of Brunswick, in one of the oldest and most established submarkets for big-box development. The city of McDonough has been very attractive to major industrial users including Tory Burch, Wayfair, Scotts, Home Depot and Ghirardelli.”
About PNK Group
PNK Group is an international real estate developer implementing full-cycle industrial projects. The group of companies was founded in 2004. PNK Group has 22 logistics and industrial parks in Europe, Russia, and the USA. The company is currently developing two industrial parks in the United States: one - in Atlanta, GA, and one - in Savannah, GA.
Outside of the US, the company operates four in-house plants producing major load-bearing structural components of buildings. The company employs German cutting-edge technology of modular construction to assemble large prefabricated components and units.
PNK Group builds industrial facilities conforming to international FM Global standards.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.
