Work is underway at Victory Touchdown Logistics Heart, a five-building gentle industrial improvement totaling 700,000 sq. ft on one of many largest swaths of land adjoining to Interstate 285 in south Atlanta. OA Improvement began development on the $83 million challenge, which additionally consists of deliberate infrastructure enhancements.
The preliminary part will embody three buildings with a 32-foot clear top at 1 Gilbert Street in Mountain View, Ga. The developer expects to ship the 147,000-square-foot Constructing 100 and the 220,000-square-foot Constructing 500 in spring 2023. In the meantime Constructing 200 totaling 150,000 sq. ft is anticipated to return on-line in the summertime of 2023.
The second part will embody two build-to-suit constructions, with Constructing 300 totaling 70,000 sq. ft and Constructing 400 totaling 105,000 sq. ft.
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The regionally based mostly firm acquired the 95-acre website alongside Conley Street and inside 2 miles of Hartsfield-Jackson Atlanta Worldwide Airport over twenty years, defined Steve Berman, founder & principal of OA Improvement, in ready remarks. OA initially bought a 55-acre piece of land in 2001 and subsequently amassed the extra 35 acres for the present website, which incorporates designated inexperienced areas and wetlands encompassing roughly 30 % of the whole space.
The event staff consists of The Conlan Co. as basic contractor for the Randall-Paulson Architects-designed challenge. OA Improvement tapped Cushman & Wakefield to market Victory Touchdown Logistics Heart. Managing Director Pat Murphy and Senior Director Lisa Pittman will probably be overseeing leasing efforts.
Industrial development throughout Higher Atlanta
As of September, 33 industrial initiatives totaling 14 million sq. ft have been beneath development all through metro Atlanta, CommercialEdge knowledge exhibits. The pipeline consists of a further 124 initiatives encompassing 39.4 million within the planning and allowing levels.
Just lately, Stream Realty Companions teamed up with AEW Capital Administration to develop two speculative industrial initiatives in Atlanta’s Airport and Northwest submarkets. Union Metropolis Logistics Heart and Adairsville Logistics Heart totaling greater than 768,000 sq. ft are slated for a 2023 completion.
In July, Lincoln Property Co. Southeast introduced plans for 2 industrial initiatives within the Northwest submarket of the metro. A 400,000-square-foot front-load constructing will take form in Calhoun, Ga., whereas one other 400,000-square-foot redevelopment is deliberate for Kennesaw, Ga.
