29.73-Acre Site to Boast New Class A, Spec Industrial Building
ATLANTA, GA – June 30, 2014 Trammell Crow Company and partners Huntington Industrial Partners and Amstar, have acquired a 29.73 acre land site in the I-85 South Atlanta submarket. Development plans include the construction of Fairburn 85 Distribution Center, a Class A, speculative industrial building totaling 317,520 square feet. The development team expects to break ground 3Q 2014.
“We are pleased to announce this acquisition and have the opportunity to break ground on our first speculative industrial development in Atlanta this cycle on a great site in one of the most desirable submarkets,” said Mark Dishaw, Senior Vice President of Trammell Crow Company’s Atlanta Business Unit. “The 1-85 submarket has experienced tremendous growth in the past decade and given the positive attributes of this site, limited amount of first generation space, restrained development and strengthening demand, we believe this will be a successful speculative development.”
Fairburn 85 Distribution Center will be a 32’ clear, modern, cross-dock warehouse with efficient ingress/egress and a flexible design that can accommodate multiple tenants. This site is well positioned in the industrial market along I-85, providing direct connection to Atlanta’s I-285 metro loop. The site is also in proximity to Hartsfield-Jackson International Airport and the CSX Intermodal Facility.
First Vice President Todd Barton and Senior Vice President Greg Haynes with CBRE Atlanta have been hired to lease and market the project.
About Huntington Industrial Partners Real Estate Investors
Huntington Industrial Partners is an industrial real estate operating company with a strategic focus on acquiring and developing industrial properties in select U.S. markets. The strategy is executed by local teams with extensive industrial experience, market knowledge, and established network of market contacts.
About Amstar
Established in 1987 and headquartered in Denver, Colorado, Amstar is a real estate investment manager that acquires, develops and manages office, multifamily, retail, hotel and industrial properties in the U.S. and select international markets. Originally formed to invest and manage the real estate allocation of a large family office client, Amstar began expanding its capital strategy nearly a decade ago and has grown to more than $2.5 billion in assets under management (as of March 31, 2014). Amstar’s clients originate from across the globe and include U.S. and European institutions, insurance companies, private banks, funds of funds, and family offices. For more information, visit www.amstar.com.
About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of March 31, 2014, Trammell Crow Company had $5.0 billion of projects in process and $1.8 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services.
Trammell Crow Company is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). For more information visit www.TrammellCrow.com.
