One of the nation’s largest commercial real estate developers and investors Trammell Crow Company‘s Atlanta Office has announced the acquisition of a 287-acre site in Jackson County where they plan to develop The Jackson 85 North Business Park. The major investment underlies the fact that the Atlanta Metro Area’s booming logistics real estate market continues to expand into further and further flung Atlanta sub-markets.
The project is located approximately 60 miles northeast of Atlanta, with easy access to I-85. The purchase price and exact location of the site has not yet been disclosed.
The project will eventually be comprised of 2,252,000 Square square feet of Class A logistics space split over three buildings. The project will be constructed in two phases, however, with the first phase to include include a 538,450-square-foot cross-dock facility and a 1,001,000-square-foot cross-dock facility, and the second phase to include a single 713,050-square-foot cross dock facility.
Mark Dishaw, Managing Director of Trammell Crow Company Atlanta, said that “Demand for high-end logistics space continues to grow in the Atlanta suburbs, especially in the dynamic northeast submarket where Jackson 85 will be located. He went on to say that TCC intends to continue to capitalize on this demand “by building the best product in the best submarket that will ultimately attract top-tier users.” Jackson 85 would join the Jefferson Mill Business Park and Innovation Business Center in Newnan as logistics assets owned by Trammell Crow Company Atlanta.
The project will be financed in part by CBRE Global Investors, while the leasing for the project will be handled by Wilson Hull & Neal Real Estate. Trammell Crow Company has developed or acquired 2,800 buildings valued at nearly $70 billion, and is an independently operated subsidiary of CBRE Group, Inc, the world’s largest commercial real estate services and investment firm in terms of 2020 revenue.
