ATLANTA—Trammell Crow Company and Allstate just snapped up another 57 acres of land in the Interstate 75 South Atlanta submarket. The site will be Phase II of King Mill Distribution Park and feature a class A industrial warehouse building.

“Atlanta is riding the economic wave lifting the nation, and growth in jobs, industrial production and other metrics are leading indicators of its future expansion,” said Mark Dishaw, senior vice president of Trammell's Atlanta Business Unit. “The metro Atlanta industrial market in 2014 experienced the highest total net absorption in 16 years with 17.4 million square feet absorbed. As of the end of second quarter, year-to-date net absorption was nearly 9.5 million square feet. King Mill Distribution Park offers excellent product flexibility with an existing pad-ready site designed for logistics and corporate users.”

The speculative industrial building will span 759,495 square feet. With this acquisition, the venture owns 101 acres in Henry County.