Trammell Crow Company (TCC) and joint venture partner, Clarion Partners, have commenced construction on Phase II of Jefferson Mill Business Park, a 749,730-square-foot speculative industrial building located on I-85 in the Jackson County segment of the I-85 Northeast industrial submarket, the largest industrial submarket in metro Atlanta. The building is expected to be completed 2Q 2018.
“Due to the amount of absorption activity, strong economic fundamentals and successful leasing of our 822,000-square-foot building in Phase I, we are pleased to start Phase II,” said Mark Dishaw, Principal with TCC’s Atlanta Business Unit.
The building will feature 36-foot clear height, 60-foot dock bays, ESFR Sprinklers, ample trailer storage and all concrete truck courts. The site has excellent access to I-85, less than 1.0 mile from full US 129 Interchange with I-85 and also offers multiple on-exit amenities for tenant employees. The entire Jefferson Mill Business Park sits on 122 acres, and when complete will comprise over 1.8 million square feet.
“Based on our success with Phase I of Jefferson Mill, and due to continuing strong market fundamentals for logistics centers, we are excited to kick off the construction of Phase II with our partner, Trammell Crow Company,” said Tom Flanigan, Senior Vice President with Clarion Partners.
Ben Logue and Price Weaver with Colliers International in Atlanta are handling the leasing and marketing of the project. Branch Banking & Trust is providing constructing financing.
About Clarion Partners
Clarion Partners, LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 35 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, DC. With more than $42 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 300 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of June 30, 2017, TCC had $5.9 billion of projects in process and $5.9 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2016 revenue). For more information, visit www.TrammellCrow.com.