Atlanta-area Home Depot distribution center bought for $97M
Source: Atlanta Business Chronicle A big Atlanta-area distribution building leased to The Home Depot has been acquired for $96.7 million. Monmouth Real Estate Investment Corp. (NYSE: MNR) said it bought the new 657,518-square-foot industrial building located at 3150 Highway 42 in Locust Grove, Ga. The property is leased for 20 years to Home Depot (NYSE: HD). The […]
Georgia economic development chief: Momentum means optimism for 2021
Source: Atlanta Business Chronicle Despite 2020’s uncertain realities and significant change, Georgia turned those 2020 buzzwords – “pivot,” “adapt,” even “unprecedented” – into good news. By partnering with our employers and communities in confronting challenges from COVID-19 head-on, we’ve regained our economic momentum while developing industries that will provide the jobs of the future. In […]
Speculative Cold Building Development: Trends and Strategies
Source: NAIOP This sector of industrial was booming even before the pandemic, and future demand is expected to soar even higher. In the age of one-hour package shipments, the infrastructure needed to serve a growing on-demand culture is scrambling to keep up. This has taken on even greater significance amid the COVID-19 pandemic, which forced millions […]
1.2 Million Square Feet Leased in the 4th Quarter for King Industrial’s I-20/ Fulton Industrial Office
The Southwest/Fulton Industrial Submarket Office of King Industrial Realty (Wilson Covington, SIOR; Randall Bryan, SIOR; Brad Bays, SIOR; & Bob Stephens) continued to lead the way during the fourth quarter of 2020 in the Southwest industrial market in Atlanta, Georgia, with deal volume exceeding more than 1,200,000 square feet for the 4th quarter. The most […]
President Sim Doughtie Quoted in Atlanta Business Chronicle: Atlanta office market leaders voice optimism; industrial growth expected to continue
Source: Atlanta Business Chronicle As Atlanta moves into a new year, the question on everyone’s mind is what long-term impact will the pandemic have on commercial real estate? The answer is less than many originally predicted, according to leaders at the Atlanta Commercial Board of Realtors (ACBR). Office space isn’t going away, even though workers […]
Economic Forecast 2021: Atlanta will recover faster than the nation
Source: Atlanta Business Chronicle Atlanta’s recovery from the economic impact of the COVID-19 pandemic will outpace the nation’s in 2021, driven by the metro area’s educated workforce, consistent business development and innovation, above-average population growth and strong housing market, according to the Selig Center for Economic Growth’s Georgia Economic Outlook 2021, released earlier this month. […]
Chicago developer Dayton Street Partners enters Atlanta’s industrial real estate market
Source: Atlanta Business Chronicle A Chicago real estate developer has started construction on a distribution center near Atlanta’s airport, its first project in the metro area and another example of confidence in the region’s booming logistics sector. This week Dayton Street Partners broke ground on the 180,300-square-foot building rising on 13 acres it assembled south […]
UGA business school dean: ‘COVID-19 recession is over’
Source: Atlanta Business Chronicle Despite rising cases of COVID-19 in Georgia, the recession brought on by the pandemic was one of the shortest on record, and according to economists, it is practically a thing of the past. The recovery, meanwhile, is underway. “Absent another lockdown, the COVID-19 recession is over,” said Benjamin C. Ayers, dean […]
Hyundai TRANSYS to add 678 jobs in Georgia expansion
Source: Atlanta Business Chronicle An automotive parts producer that specializes in transmissions says it will expand its Georgia operations with a $240 million investment that includes adding hundreds of new jobs. Hyundai TRANSYS will build a 620,000-square-foot facility in West Point, near the company’s current location on the Kia campus, according to an announcement from […]
Georgia Saw Decrease in Unemployment Rate in October
Source: WRGA News Governor Brian P. Kemp and the Georgia Department of Labor today announced that Georgia’s unemployment rate in October dropped 1.8%, bringing the current unemployment rate to 4.5%, down more than 8% since the state’s all-time high in April 2020 and below the national average. “Thanks to our measured approach to the pandemic, […]