ELLENWOOD, Ga. – Transwestern Investment Group (TIG®), on behalf of Transwestern Strategic Partners Fund III (“TSP Fund III”), announces it has acquired 29.1 acres in Ellenwood, Georgia, and is partnering with Transwestern Development Company (TDC®) to build a 265,775-square-foot distribution center on the site. Construction is scheduled to begin in the fourth quarter of 2023, with delivery anticipated in the third quarter of 2024.
“This acquisition complements our strategy to develop highly functional, core assets in major logistics markets across the country,” said Chris Sterling, Director of Acquisitions at TIG. “Given the infill location, Clayton Technology Center will provide much-needed industrial space in an undersupplied and land-constrained market.”
Clayton Technology Center will be on Highway 42 and offer access to Interstates 675, 75 and 285. Located approximately 10 miles from Hartsfield-Jackson International Airport, the Class A rear-load facility features a 36-foot clear height, 60 dock doors, ESFR sprinklers, 37 trailer stalls and 245 auto parking stalls.
“Clayton Technology Center is designed to meet the needs of forward-thinking companies seeking a premier location for last-mile distribution in metro Atlanta,” said Jack Chapman, Vice President at TDC. “Modern warehouse features, accessibility to labor and excellent transportation options respond to what tenants are seeking in this key industrial market.”
The Conlan Company will serve as general contractor. CBRE’s Todd Barton and Joanna Blaesing will handle leasing.
Renderings are available for download here.
In October 2022, TIG announced the close of TSP Fund III. The fund closed with $325 million of commitments, the company’s largest fundraise to date, and focuses on diversified value-add investment and development opportunities in markets across the U.S. that are driven by strong job growth and global supply chains.
About Transwestern Development Company
Transwestern Development Company (TDC®) creates value through the execution of development projects for itself, its partners and valued clients throughout the United States. Part of the Transwestern companies, the diversified business develops logistics, multifamily, office, mixed-use and healthcare properties, with a pipeline of projects in process or completed since 2012 exceeding $9.07 billion.
About Transwestern Investment Group
Transwestern Investment Group (TIG®) is a real estate investment adviser with $5.0 billion of assets under management. The firm serves a broad range of institutional and high-net-worth investors with its full-service investment management and Transwestern’s integrated operating platform.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for investors across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.
The investors included in this press release were not selected based on performance, but because they are some of the largest well-known investors with similar strategic alliances. It is not known whether these investors approve or disapprove of TIG or the services or products it provides.
Media Contact:
Molly McMurtry
713.231.1571
molly.mcmurtry@transwestern.com
twmediarelations@transwestern.com
