TCC Acquires Site for Jefferson Mill Business Park Phase III
Joint-venture with Clarion Partners has assembled three phases on approximately 232 acres for a state-of-the-art Class A industrial park
September 11, 2018
Venture has Assembled Approximately 232 Acres in Three Phases for State-of-the-Art Class A Industrial Park
Trammell Crow Company (TCC) and joint venture partner, Clarion Partners, LLC have acquired 109.7 acres for the third phase of Jefferson Mill Business Park. The acquisition represents an assemblage of seven different properties and held by seven distinct owners. TCC and Clarion are marketing Phase III as a build-to-suit, cross-dock distribution facility that can provide tenants between 1.1-and-1.5 million square feet of space.
“With Atlanta’s growing population base, major interstates, proximity to the world’s busiest airport, and our site’s attributes, our project is well-positioned to benefit from the continued e-commerce surge in Atlanta,” said Mark Dishaw, principal with TCC’s Atlanta Business Unit. “We have experienced tremendous success with our first two phases and look forward to delivering the third phase with Clarion.”
Located in Jefferson, GA, Jefferson Mill Business Park is within the I-85 Northeast Market, one of the largest industrial markets in metro Atlanta. Only one mile from I-85 Exit 137, the Phase III site is located across Hog Mountain Road from Phases I and II and features desirable frontage along I-85, along with the ability to accommodate more than 1.5 million square feet, more than 500 trailer spaces and more than 1,000 auto parking spaces. Altogether, Phases I, II, and III comprise approximately 232 acres of land and up to 2.7 million square feet of industrial space.
"We are excited about this acquisition and the ability to expand upon the success of the first two phases at Jefferson Mill Business Park with our partner, TCC," said Clarion Partners Senior Vice President Tom Flanigan. "The proximity to I-85, flexible building design and best-in-class specifications will allow us to see a diverse mix of tenant requirements."
Price Weaver and Ben Logue with Colliers International represented TCC and Clarion Partners in the transaction. Matt McCord with Norton Commercial, Grant Whitworth with Whitworth Land Corporation and Kim Bowman with Keller Williams represented the various sellers.
About Clarion Partners
Clarion Partners, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 36 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles and Washington, DC. With more than $46.6 billion in total assets under management, Clarion Partners offers a broad range of both debt and equity real estate strategies across the risk/return spectrum to its more than 300 domestic and international institutional investors. More information is available at www.clarionpartners.com.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.