U.S. Census: An estimated 284,541 people moved to Georgia in 2019
Source: Atlanta Business Chronicle The U.S. Census Bureau just released new statistics that highlight geographic mobility in the United States in 2019. According to the new data, the top 10 states that Americans moved to were Florida, 601,611; Texas, 559,661; California, 480,204; North Carolina, 315,215; Georgia, 284,541; Pennsylvania, 267,465; Virginia, 264,855; New York, 254,806; Arizona, 253,295; and […]
Turkish electric vehicle parts manufacturer to open first North American facility in Georgia
Source: Atlanta Business Chronicle TEKLAS, a Turkish manufacturing company and supplier of electric vehicle parts, announced earlier this month it would invest $6.5 million to open its first North American facility and headquarters in Gordon County, according to a press release from Gov. Brian Kemp’s office. TEKLAS’s 200,000-square-foot facility and headquarters will be located at 320 […]
Canada’s Granite REIT buying Atlanta PVH distribution center for $80M
Source: Atlanta Business Chronicle Canada’s Granite Real Estate Investment Trust is buying a big new Atlanta distribution center for $80 million. Toronto-based Granite (NYSE: GRP.U) reported it has agreed to acquire 8500 Tatum Road, a 1 million-square-foot modern warehouse distribution facility situated on 83.5 acres in Palmetto, about 30 minutes south of downtown Atlanta. The state-of-the-art facility […]
E-Commerce Poised to Anchor Future of Industrial Real Estate
Source: Real Estate Business Online While the commercial real estate industry has experienced many uncertainties during the pandemic, the industrial and logistics market continues to thrive. With the rapid acceleration of e-commerce in the wake of COVID-19, major online retailers are picking up large warehousing and manufacturing spaces to keep up with the surge in […]
Real Estate Notebook: Amazon expands Atlanta operations
Source: Atlanta Business Chronicle Amazon.com Inc. is expanding its Atlanta warehouse operations by turning two aging industrial buildings on the Perimeter into its latest delivery station. The e-commerce giant purchased a 20-acre property in Doraville just north of I-285 on the Gwinnett-DeKalb county line. It paid $23.4 million for the land at 6945 Button Gwinnett […]
‘Primed’ for Growth: How Amazon and the shift to e-commerce impacts the Atlanta economy
Source: Atlanta Business Chronicle As Amazon.com builds its fulfillment engine across Atlanta, the e-commerce giant has ignited growth amid a mostly bleak COVID-19 economy. First the indirect impact. Consider the amount of industrial space Amazon alone is already responsible for absorbing this year across metro Atlanta — between 7 million and 8 million square feet, […]
KKR Acquires 1M-SF Industrial Facility in Metro Atlanta
Source: Connect Atlanta JLL has brokered the sale of a 1,002,150-square-foot warehouse at The Cubes at Bridgeport industrial park in Metro Atlanta’s Coweta County. The buyer, KKR, acquired the facility for an undisclosed price. The 1,002,150-square-foot facility, which was developed on a speculative basis, is located at 280 Bridgeport Parkway in Newnan. The building’s shell […]
Amazon Fires up Atlanta Fulfillment Engine, Pays Record Price for Doraville Site
Source: Atlanta Business Journal Amazon.com Inc. is expanding its Atlanta warehouse operations by turning two aging industrial buildings on the Perimeter into its latest delivery station. The e-commerce giant purchased a 20-acre property in Doraville just north of I-285 on the Gwinnett-DeKalb county line. It paid $23.4 million for the land at 6945 Button Gwinnett […]
Atlanta Industrial Market Reaches New Record in 2020
Source: Atlanta Business Chronicle What impact has Amazon had on the Atlanta industrial market? Who is investing in industrial space? Colliers International recently released its Big-Box Market Report: 2020 Midyear Review and Outlook, which shows that largely due to demands brought on by the Covid-19 pandemic, industrial is a hot market. Nationwide, according to the […]
CORFAC International Names New CEO, Jonathan Salk
Source: Southeast Real Estate Business DES PLAINES, ILL. — CORFAC International has named Jonathan Salk as CEO of the organization. Salk previously served as executive director. Since joining CORFAC in 2015, he has been responsible for day-to-day operations of the organization and spearheaded growth. Thirty new offices have joined CORFAC since 2015, bringing the total count […]