The newest players are Georgia Realty and landowner James Chaffin. Both have submitted proposals to county planning and zoning officials for back-to-back, individually owned retail centers. Georgia Realty has contracted to buy 23.5 acres fronting Jonesboro Road, west of the 800,000-sf Henry Town Center and near the planned Crystal Lake Plantation golf community. Adjacent to that venture, Chaffin plans to build a strip center on 10.7 acres if county planning and zoning officials will approve both projects.

The newest ventures follow a slew of previously announced projects for Henry County. Among them are a 599,500-sf distribution center on a 32-acre site planned by ProLogis of Aurora, CO at Greenwood Industrial Parkway and GA 155 south. Miami-based Equity One plans to break ground this quarter on a 13.5-acre shopping center, anchored by a Publix supermarket on GA 20, west of McDonough, GA.

Wal-Mart is waiting for county approval on a second 235,000-sf, $12-million superstore on 34 acres off Interstate 75 near Eagle's Landing in Stockbridge, GA where there is an existing Wal-Mart store. Georgia Crown Distributing Co., a 65-year-old Columbus, GA-based family-founded and operated beverage bottling and distribution business, is moving to Henry County to be nearer to its top rival, Atlanta-based Coca-Cola Enterprises Inc. Crown is building a $12.5 million complex encompassing a 29,307-sf headquarters office building, a 414,534-sf distribution warehouse and a 21,684-sf maintenance facility. The site is in the Westridge Business Park, west of McDonough, GA and Interstate 75.

Also discovering Henry County is IFCO-US LLC, a wholly owned subsidiary of IFCO Systems North America Inc. In one of the largest industrial leases signed in 2003, IFCO is taking 137,500 sf for an estimated years at an estimated aggregate effective rent of $9 million. The leased space is one of the three buildings at the 1.5-million-sf Interstate South Industrial Park in McDonough, GA.

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