Rendering of Clayton Expertise Heart. Picture courtesy of Transwestern Funding Group
Transwestern Funding Group, by way of its Transwestern Strategic Companions Fund III, has bought 29 acres of land for the event of Clayton Expertise Heart, a 265,775-square-foot Class A industrial venture in Ellenwood, Ga. Building is anticipated to start out within the fourth quarter of this 12 months, whereas completion is anticipated within the third quarter of 2024.
The corporate closed Transwestern Strategic Companions Fund III in October 2022 with $325 million in commitments. The fund, marking Transwestern’s greatest fundraise thus far, will give attention to value-add growth and funding alternatives in key U.S. markets.
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Earlier this 12 months, Transwestern moved ahead with one other one in all its developments: the corporate accomplished Bayport 146 Distribution Heart in Seabrook, Texas. The 454,600-square-foot cross-dock industrial facility got here on-line after almost two years of development.
A future industrial growth close to Atlanta
Clayton Expertise Heart’s growth workforce contains Transwestern Improvement Co., with Conlan Co. serving as basic contractor. CBRE’s Senior Vice President Todd Barton and First Vice President Joanna Blaesing will present leasing providers.
The distribution middle will take form at 5490 Freeway 42 and can embrace 36-foot clear heights, ESFR sprinkler techniques, 60 dock doorways, 245 car parking areas and 37 trailer parking areas. Located 10 miles from Hartsfield-Jackson Worldwide Airport, the event web site additionally supplies quick access to interstates 75, 675 and 285. Downtown Atlanta is a few 13 miles northwest.
Greater than 9.5 million sq. ft of commercial house have been beneath development in metro Atlanta as of Might, in response to CommercialEdge info. Practically 36.5 million sq. ft pertain to deliberate and potential tasks.
One of many present developments, a five-building gentle industrial park totaling 700,000 sq. ft, is coming on-line 6 miles from the long run Clayton Expertise Heart. Conlan serves as basic contractor for that venture as effectively.
