PLR Breaks Ground on 2.3 MSF Industrial Asset
- Apr 20, 2017
Port Logistics Realty, a full-service industrial real estate development and investment company, has broken ground on Phase I of Palmetto Logistics Park, a 2.6 million-square-foot industrial park. The two-phase project marks PLR’s first in the Atlanta market and is being developed in partnership with River Oaks Capital Partners.
Located in South Fulton County, near the CSX/BNSF Intermodal facility and I-85, the Palmetto Logistics Park is situated just 12 miles southwest of Hartsfield-Jackson Atlanta International Airport and offers access to southeastern United States. Phase I will include a 1.1 million-square-foot industrial facility, expandable to 1.3 million square feet, as well as park infrastructure. Phase II will include a 1.3 million-square-foot industrial facility.
“Palmetto Logistics Park offers an excellent logistics advantage for companies looking to meet consumers’ needs across the Southeast and answers the demand for modern industrial warehouses shaping the Atlanta market,” Rob Huthnance, president, PLR Development, said in prepared remarks. “Strong market fundamentals combined with increasing demand for Class A space make Atlanta one of the most sought-after industrial markets in the country. We believe that e-commerce will continue to be a driving factor for growth and plan to seek additional opportunities in the market.”
In late December, PLR Development also broke ground on a speculative warehouse within Great Southwest Industrial Park located in Grand Prairie, Texas.
Renderings courtesy of Port Logistics Realty