Joint Venture Expands in Jefferson Mill Business Park
- Sep 18, 2015
By Balazs Szekely, Associate Editor
A development company and an investment adviser joined forces to acquire 122.48 acres of premier commercial land located near the Jackson County segment of Interstate 85 in Northeast Atlanta. Trammell Crow Co. and joint venture partner Clarion Partners are planning a new two-phase, Class A industrial development in Jefferson Mill Business Park. Colliers International brokered the land sale, with a team led by Ben Logue and Price Weaver.
The site is within one hour of Hartsfield-Jackson International Airport with quick access to I-85, the US 129 Interchange, US 129 via Concord Parkway, and Hog Mountain Road/McClure Industrial Road. The project will comprise of three industrial buildings totaling nearly 1.8 million square feet. Phase I will feature an 822,257-square-foot bulk cross-dock warehouse and a 250,569-square-foot rear load distribution center. Construction will commence by the end of the current year scheduled for completion in 2016. Phase II will include a 720,836-square-foot speculative or build-to-suit bulk cross-dock warehouse, developed for maximum flexibility to meet the demands of the ultimate end user.
Colliers will also handle the leasing and marketing of the site on behalf of TCC and Clarion Partners.
Rendering courtesy of Trammell Crow Company