Second Atlanta Project Follows Completion of Battle Creek Logistics Center
March 31, 2021
Atlanta – Transwestern Development Company (TDC®) announces plans to develop Cartersville Logistics Park, a 953,230-square-foot industrial park in northwest Atlanta. Located at 934 Peeples Valley Road in Cartersville, Georgia, the four-building logistics project is the firm’s second development in metro Atlanta, following the completion of Battle Creek Logistics Center.
“We are excited to build on our success with Battle Creek Logistics Center and deliver another state-of-the-art industrial project in Atlanta,” said Steve Kros, Southeast Regional Partner in TDC’s National Logistics Group. “With low vacancy in the industrial market, we hope to continue identifying development opportunities to satisfy pent-up demand for modern logistics space and produce superior results for our investors.”
Cartersville Logistics Park will feature 36-foot clear heights, 185-foot truck court depths, excess trailer storage, and ample vehicle parking along with a rear-loading warehouse configuration. These four buildings will be developed in three phases, with delivery of Building #100, a 252,000-square-foot, Class A warehouse, scheduled for completion in fourth quarter 2021.
Situated on 128 acres within the coveted Northwest Industrial submarket, Cartersville Logistics Park will offer tenants easy access to Interstate 75. Located only 1.5 miles from Exit 296 at 934 Peeples Valley Road, the site has frontage and high visibility along I-75, which is Atlanta’s gateway to the Midwest, making its Cartersville location ideal for logistics tenants seeking to serve those markets in addition to metro Atlanta and Northwest Georgia.
JLL Senior Associate Royce Eldridge, who assembled six properties totaling 128 acres of industrial land, represented TDC in its purchase of the site. Eldridge and JLL Managing Director Stephen Bridges have been engaged to lease Cartersville Logistics Park.
The JLL Capital Markets team lead by Managing Director Gregg Shapiro, Senior Director Matt Casey, and Senior Managing Director Ed Coco successfully sourced joint venture equity for TDC with an institutional investor.
“Increasing demand, limited availability within the current inventory and physical barriers to entry all contribute to the opportunity for Transwestern to develop a best-in-class product within this high-growth submarket,” Shapiro said. “The location offers access and visibility along I-75, which is desired by logistics users serving not only the metro Atlanta area but points southward, including the Port of Savannah, and northward, including Nashville and beyond.”
At present, Transwestern has 40 industrial projects totaling 20 million square feet under construction or in pre-development planning stages nationwide, including 3.4 million square feet in the Southeast.
About Transwestern Development Company
Transwestern Development Company (TDC®) creates real estate landmarks for itself, its partners and valued customers 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 $5.6 billion.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.