UPS is paying the federally designated Atlanta Empowerment Zone $3.6 million or $120,000 per acre ($2.75 per sf) for the land. The new center would be the company's fifth major distribution location in metro Atlanta.

UPS hasn't completed all of the development details, including the size of the hub. But in a prepared statement, the world's largest express carrier and package delivery company says the center and its grounds will accommodate at least 100 trucks; initially employ 300 fulltime workers and possibly 200 part-timers in the near future.

The site is on University Avenue, just south of Turner Field and across from the Interstate 75/interstate 85 connector, an ideal location for access to both Downtown and Hartsfield International Airport, UPS officials says in their statement.