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UPS Pays $3.6 Mil for New Package Center

ATLANTA-After a year of scouting potential development locations, locally based United Parcel Service is paying the federally designated Atlanta Empowerment Zone $120,000 per acre or $2.75 per sf for a 30-acre tract near Downtown where a new package distribution center is expected to break ground in early 2002.

By Alex Finkelstein | Updated on July 30, 2001

ATLANTA-With a 13,000-worker payroll in Atlanta, United Parcel Service plans to increase that count by at least 300 when it breaks ground possibly in 2002 on a new 30-acre package distribution center that could total one million sf, area industrial brokers familiar UPS’s plans tell GlobeSt.com on condition of anonymity.

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.

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