ATLANTA—Allstate and Trammel Crow Company just acquired a 44-acre site in the Interstate 75 South Atlanta submarket. The companies plan to develop King Mill Distribution Park, an 846,496-square-foot Class A speculative industrial building, on the site.

The news comes at the same time that a programmatic venture with The Carlyle Group, Oakmont Industrial Group acquired a 35-acre land parcel in Atlanta's Interstate 85 South industrial submarket. The venture is constructing a 370,000-rentable-square-foot spec industrial building slated for delivery in early fall 2015.

“I-75 is the robust interstate that connects Henry County to the larger Atlanta Metro area to the north and also serves as a gateway for distribution to the dynamic and expanding Florida population centers and the Port of Savannah to the south,” says Mark Dishaw, senior vice president of Trammell's Atlanta Business Unit. “Due to its location, this area has proven to be one of the best logistical locations for distributors in the Southeastern US, and is home to many major corporations—Home Depot, Georgia Pacific, Whirlpool, Toys R Us, Kimberly Clark and CEVA Logistics, to name a few.”