Colliers International Represents Hill PHOENIX, Inc., in 496,730-SF Industrial Lease
Colliers International announced that it has closed a 15-year, 496,780-square-foot lease on behalf of Hill PHOENIX, Inc., a Dover Company, at Rockdale Regional Distribution Center in Conyers, Ga., east of downtown Atlanta. Hillphoenix, a designer and manufacturer of commercial refrigeration and electrical systems, retail food display cases and specialty products, and walk in coolers and freezers, will consolidate four existing manufacturing facilities into new headquarters space at 2016 Gees Mill Road.
Hillphoenix will establish its new headquarters upon completion of the build-to-suit facility, estimated at October 1, 2013. Rick Vaughn, Vice President in Colliers International’s Atlanta office, represented Hillphoenix in the transaction. Bobby Mayson of Lavista Associates represented the landlord and developer, Ashley Capital.
“We’re very pleased to represent Hillphoenix in a solution that will enable the company to achieve its goal of consolidating manufacturing operations under one roof,” said Rick Vaughn. “Rockdale Regional Distribution Center provides a pre-graded pad where construction can begin immediately, and the build-to-suit facility will provide state-of-the-art, customized space that will accommodate the company’s future growth.”
In July 2012, Colliers International surveyed area properties, but there was no existing space large enough to suit the company’s requirements, which included an increase in office space from the current 60,000 square feet to more than 83,000 square feet. One other option, a 200,000-square-foot facility available for expansion, did not meet Hillphoenix’s long term facility needs.
The build-to-suit facility at 2016 Gees Mill Road will include 413,530 square feet of manufacturing space and 83,250 square feet of office space. Design efficiencies in the new facility will allow Hillphoenix to reduce its current 550,000-square-foot footprint while providing ample space for the company’s growth needs.
Hillphoenix’s current Atlanta-area facilities include executive offices at 1003 Sigman Road, Conyers; a refrigeration systems facility at 709 Sigman Road, Conyers; a power systems facility at 8166 Industrial Blvd., Covington; and a walk-in cooler/freezer facility at 1003 Sigman Road, Conyers.
About Hill PHOENIX, Inc.
Hill PHOENIX, Inc., a Dover Company, designs and manufactures an extensive line of commercial refrigerated display merchandisers, commercial and light industrial refrigeration systems and mechanical centers, electrical distribution products, walk-in coolers and freezers, and specialty display cases and fixtures. The origin of Hillphoenix dates back to 1887, when C.V. Hill, a New Jersey grocer, dissatisfied with the coolers currently available to him both with regard to price and performance, decides to build his own. For more information visit the company’s website – www.hillphoenix.com
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 522 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.