ATLANTA, Georgia — Ground has been broken for a one-million-square-foot, state-of-the-art industrial building in the Atlanta suburb of Locust Grove. The building will be available for occupancy in early 2018.
“Atlanta’s thriving business culture makes it a key component of our real estate acquisition and development strategy,” said Kevin Adolphe, president and CEO of John Hancock Real Estate, which owns the site. “We believe the prime location of this new industrial development along with the expertise of our partner, CRG, will give tenants the ideal platform for success.”
Real estate developer CRG and design-build firm Clayco, will create a multiple phase business park with the flexibility to meet large industrial needs. This is the first of a 311-acre development designed for over 4.5 million square feet of industrial buildings.
“We are thrilled that John Hancock Real Estate and CRG have chosen Locust Grove as the location for the new distribution centre and business park,” said Locust Grove mayor Robert Price. “We look forward to the economic development, job creation, infrastructure and road improvements this development will bring to Locust Grove and our surrounding communities.”
Once completed, the facility will feature 36-foot clear heights with 236 trailer spaces, 148 dock height doors and 386 parking spaces. With all concrete paving and LED lighting this facility is expected to provide best-in-class performance.
CRG vice-president and Southeast partner Mike Demperio said, “We see significant opportunity in the I-75 corridor with close proximity to Port Savannah, Charleston, Jacksonville and all of Florida. Within the attractive Henry County industrial market, the site is located a half mile from the I-75 and Bill Garner Parkway interchange, just 30 miles south of Hartsfield-Jackson International Airport.”
CRG Partner Larry Chapman added, “CRG has looked for superior sites throughout the Atlanta industrial market and Locust Grove delivers to today’s modern industrial user on all counts. This is one more step that CRG is taking to enhance our industrial portfolio in the southeast market.”