The Atlanta office of Trammell Crow Company (TCC), along with its JV partner Diamond Realty Investments, announced that construction has been completed on the shell buildings at Innovation Business Center in Newnan, Georgia. The 403,648-square-foot industrial business center is located 37 miles southwest of downtown Atlanta within the Shenandoah Industrial Park.
Innovation Business Center includes two single-story buildings; the North Building, located at 195 Innovation Way, spans 201,740 square feet, and the South Building, located at 185 Innovation Way, spans 201,908 square feet. Each building features 32-foot clear heights, 60-foot dock bays, a 185-foot truck court with 115 trailer spaces, 375 automobile parking spaces, and an ESFR fire sprinkler system.
“We are pleased to have delivered this project on time, especially as the demand for logistics and warehouse space continues to grow in suburban Atlanta,” said Chris Eagen, Vice President of TCC Atlanta. “Innovation Business Center was designed with flexibility in mind, capable of meeting the needs of medium-to-large-scale industrial tenants that are looking to either establish or expand their industrial footprint in the area.”
Two tenants have signed leases for space in the South Building – one tenant will occupy 61,717 square feet and the other will occupy 94,162 square feet. Approximately 46,000 square feet of space remains available for lease in the South Building and the entirety of the North Building remains available for either a large single tenant, or for multiple smaller users. The CBRE team of Mark Hawks, Todd Barton and Joanna Blaesing is handling the marketing and leasing of the property.
Ware Malcomb is the project’s architect. Catamount Constructors is acting as the general contractor, Eberly & Associates is the project’s civil engineer and landscape architect, Haines Gipson & Associates is the structural engineer, and Jordan & Skala Engineers is acting as the MEP engineer.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired 2,700 buildings valued at nearly $65 billion and over 590 million square feet. As of September 30, 2020, TCC had $14.8 billion of projects in process and $5.9 billion in its pipeline. It employs more than 550 professionals in the United States and the United Kingdom.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 18 major cities throughout the United States and London. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed-use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet the needs of its clients. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development and providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2019 revenue).
