Trammell Crow Eyeing Industrial Park Off Lake Lanier (February 2, 2024)

Trammell Crow Co. is trying to construct a brand new $80M industrial park off the shores of Lake Lanier.

Web site location for Trammell Crow Co.’s deliberate industrial park simply south of Lake Lanier.

The developer has utilized with the Georgia Division of Neighborhood Affairs to develop Buford Creek Enterprise Middle, a six-building, single-story warehouse complicated totaling 747K SF. The undertaking would rise on a wooded lot on the nook of Huge Creek Highway and Lanier Islands Parkway, simply south of Huge Creek Park and the lake itself, in accordance with the applying.

The undertaking is projected to finish by March 2026 and generate $400K in annual taxes to the native authorities, in accordance with the applying. Officers with Trammell Crow in Atlanta declined to remark. 

The Atlanta industrial market is seeing a historic degree of recent provide. On the finish of 2023, builders had been beneath building on greater than 20M SF throughout the metro, in accordance with CBRE. On the identical time, leasing exercise and absorption have slowed.

That stated, the Northeast/Interstate 85 submarket, the place Buford Creek Enterprise Middle might be positioned, posted a number of the strongest absorption numbers within the metro space final yr, clocking in 2M SF with one other 5.5M SF beneath building, in accordance with CBRE’s year-end report.

DEVELOPMENT

Doowon Local weather Management America Inc. plans to take a position $30M in a brand new manufacturing facility in Metter, Georgia, some 60 miles northwest of Savannah, Gov. Brian Kemp introduced Tuesday. Doowon, primarily based in Korea, makes automotive local weather management programs and might be a provider for the Kia Motors and Hyundai Motor Group crops. 

The ability is about to be positioned within the Metter-Candler County Interstate 16 Industrial Park and can make use of 200 folks when it opens in 2026, in accordance with a press launch. Georgia Division of Financial Growth Director Alyce Thornhill represented the state in incentive negotiations.

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Excessive Road Residential is transferring ahead on a 350-unit condo undertaking within the Perimeter Summit workplace park in Brookhaven, simply throughout Interstate 285 from the principle Central Perimeter enterprise district. The Dallas-based agency, a subsidiary of Trammel Crow Co., paid $11.5M for 4 acres at 5005 Perimeter Blvd., the Atlanta Enterprise Chronicle reported.

The agency plans to interrupt floor in November on the seven-story undertaking, in accordance with the ABC.

SALES

Native nonprofit Ser Familia bought Barrett Summit Constructing 200, an 80K SF, two-story constructing in Kennesaw, from Tioga Capital. The acquisition worth was undisclosed. Tioga bought the constructing in 2022 for $11M, and Cobb County appraised its worth at $4.9M in 2023.

Lincoln Property Firm Southeast Vice Presidents Matt Fergus and Seabie Hickson brokered the sale for Tioga.

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Finial Group bought 4179 Vansant Highway, a vacant 33K SF industrial constructing in Douglasville, for an undisclosed worth. The earlier proprietor, 4179 Vansant Highway LLC, is tied to Bayou Business’s Kyle Goldich, in accordance with Douglas County data. Goldich bought the property final yr for $1.8M. 

Marcus & Millichap Vice President Ani Paulson and agent Gerald Robison brokered the deal. 

Courtesy of CBRE

A rendering of Foxgrove on Castleberry

FINANCE

Pine Grove Communities obtained a $36.4M building mortgage for its deliberate Foxgrove on Castleberry build-to-rent neighborhood in Dawsonville. J.P. Morgan International Alternate options is a accomplice within the deliberate single-family-home neighborhood with 198 items simply off Georgia 400.

CBRE Vice Chairmen Mike Ryan and Brian Linnihan, Senior Vice President Richard Henry and Director Taylor Crowder represented Pine Grove in mortgage negotiations. The lender wasn’t recognized.

LEASES

Emory Geriatrics leased 8,400 SF and the Emory College of Nursing leased 10K SF at 75 Govt Park in Atlanta, a two-story medical workplace constructing close to the Facilities for Illness Management and Prevention headquarters. Lincoln Property Co.’s Matt Fergus and Seabie Hickson brokered the offers for the owner, Emory Healthcare.

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Bovis, Kyle, Burch and Medlin renewed 27K SF at 200 Ashford Middle North for its headquarters. Lincoln Govt Vice President Hunter Henritze, Matt Fergus and Seabie Hickson brokered the deal for the owner, TerraCap.

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Holster-maker BlackPoint Tactical leased 25K SF at Windward Chase at 1220 Previous Alpharetta Highway, transferring from 1025 9 North Drive in Alpharetta. Scotland Wright Associates Director Nathan Williams represented the owner, Actual Op Investments, whereas Crossley, Jernigan & Ellison co-founder Neal Jernigan represented BlackPoint.

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