Industrial Net Absorption Has Risen 51% So Far This Year
Source: Globe Street While the US economy has dangerously slumped for much of the year, demand for industrial space has only continued to increase. Net absorption for bulk industrial space was up 51% to 79.8 million square feet in the first half of the year, according to Colliers. At mid-year 2019, 52.8 million square feet […]
Metro Atlanta Industrial Park Trades for $12M
Source: Connect Media JLL has arranged the $11.6 million sale of Plaza 85 Business Park, a nine-building industrial, office and flex park totaling 191,526 square feet within a Qualified Opportunity Zone in the Metro Atlanta community of Norcross. Located on nearly 14 acres at 5970-6040 Unity Drive in the Northeast Atlanta Industrial submarket, the industrial […]
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Atlanta-area flex park sells for $11.65M to local buyer
JLL Capital Markets closed the sale of the 9-building office and industrial park in Norcross to WePartner Source: JLL JLL Capital Markets announced today that it has closed the $11.65 million sale of Plaza 85 Business Park, a nine-building industrial, office and flex park totaling 191,526 square feet within a Qualified Opportunity Zone in the Atlanta-area […]
President Sim Doughtie Featured in Atlanta Business Chronicle: E-commerce is Fueling Atlanta’s Industrial Market
Source: Atlanta Business Chronicle There is no question that the Atlanta industrial market is on fire. According to King Industrial Realty’s internal market research and tracking data, 57 million square feet of industrial space was leased or sold between Q3 2019 and Q2 2020. This boom in activity was led in part by Covid-19 and […]
DHL eCommerce Solutions picks Atlanta for first fully-owned U.S. distribution center
Source: Atlanta Business Chronicle A division of DHL is making a permanent move onto UPS’ home turf, picking Atlanta as the site of its first fully-owned U.S. distribution center. DHL eCommerce Solutions, a division of Deutsche Post DHL Group, purchased a 150,000-square-foot facility at 1370 Discovery Industrial Court in Mableton, between I-285 and I-20. The German logistics company […]
E-commerce giant Radial Inc. to invest $40M in new Henry County fulfillment center
Source: Atlanta Business Chronicle Radial Inc., an international e-commerce company based in Pennsylvania and Amazon’s biggest competitor, will invest $40 million to open a new fulfillment center in Locust Grove, Ga. The center is expected to create 344 full-time job opportunities and more than 1,000 seasonal opportunities, according to a news release from the governor’s office. […]
Amazon To Build 1,500 New Last-Mile Warehouses In Arms Race With Walmart
Source: BISNOW Amazon could be looking to add comprehensive last-mile warehouse coverage to major markets on a heretofore unheard-of scale. Having largely recovered from the shipping delays precipitated by the outbreak of the coronavirus, Amazon is on a quest to open as many as 1,500 smaller-format distribution centers in urban and suburban markets, Bloomberg reports. Called […]
Trammell Crow Developing 615K SF Distribution Center For Home Depot
Source: BISNOW Trammell Crow has snagged a hometown home improvement retailer to kick off a new industrial park off Interstate 20. The Home Depot has inked a deal for a 615K SF build-to-suit distribution center at Stonecrest Business Park, a planned 300-plus-acre industrial complex near Stonecrest Mall in the city of Stonecrest just east of Downtown […]
Pandemic Creates Surging Demand for Cold Storage Industrial
Source: Globe St. The new demand will require that food-delivery service companies re-structure their supply chain and expand their real estate footprint. Once again, the industrial sector seems to be the biggest beneficiary of the pandemic. While e-commerce companies in general have experienced increase demand and consumer traffic since the start of the pandemic, food […]