WPM execs say the recent increase in the Freeport Inventory Tax Exemption in Adairsville and Bartow County to 100% makes the WPM site even more attractive. And local economic development officials expect the site to fortify Bartow County's reputation as a premier location for distribution, warehouse and light-manufacturing sites.

“The WPM site is going to garner quite a bit of attention,” says Melinda Lemmon, executive director of the Cartersville-Bartow County Department of Economic Development. “It is an extraordinary piece of property in its proximity to the interstate, its topography and its infrastructure attributes.”

Matt DiLeo, partner at WPM Commercial, notes Interstate 75, which is a critical distribution artery, connects Florida to Michigan and passes through Atlanta, the logistics hub of the Southeast United States. The Interstate 75 corridor northwest of Atlanta previously carried a reputation of challenging topography and a lack of Freeport exemptions.

“This site offers 100 percent Freeport exemptions from the City of Adairsville and Bartow County,” DiLeo says. “With those two objections alleviated, the site offers industrial users a fantastic opportunity to set up shop in an underserved, business-friendly area with immediate access to the heart of the country's interstate system.”

Atlanta is seeing development of warehouses and distribution centers at nearly twice the rate of 12 other primary US inland part markets. That's according to CBRE Group.

“Atlanta's industrial market has achieved a healthy balance as developers are reacting to the natural drawdown of available supply,” Dan Wagner, CBRE Southeast research manager, tells GlobeSt.com. “Atlanta saw a drop in both the vacancy rate and the overall level of development during the second quarter of 2016, indicating that construction starts are not outpacing demand. While new construction levels are significant, so is tenant demand, so the threat of overbuilding is small as of mid-year 2016. If anything, the market is supply constrained—not since 2001 has the market been this tight.”

ATLANTA—A strategic industrial tract is up for grabs. WPM Commercial is marketing the 220-acre tract that's entitled for up to 3.5 million square feet of distribution and manufacturing space in Adairsville, GA. WPM is targeting developers and end-users that need large land parcels.

“The site is already attracting significant interest from Fortune 1000 companies,” says Price Muir, president of WPM. “This is one of the best sites for large scale industrial development in the Southeast.”

The site sits alongside Interstate 75 at US 41 in Bartow County. That's a strategic location for companies seeking distribution warehouse and light industrial space that caters to states across the Southeast. The business park already is home to large corporations such as Yanmar, Daikai, Sakai and Godfrey Hirst Carpets. Rooker Co., a strategic investment partner, is available to serve as a development partner for interested buyers and users.

“There is a rapidly dwindling supply of large industrial land sites along the I-75 corridor between Atlanta and Chattanooga, and demand is increasing,” Muir says. “We expect this site to draw even more interest from companies seeking new manufacturing and distribution sites, looking to build new or relocate existing facilities into Georgia. What separates our site from the competition is that we have the ability to accommodate multiple 1 million square-foot facilities, all having additional land for expansion.”

WPM execs say the recent increase in the Freeport Inventory Tax Exemption in Adairsville and Bartow County to 100% makes the WPM site even more attractive. And local economic development officials expect the site to fortify Bartow County's reputation as a premier location for distribution, warehouse and light-manufacturing sites.

“The WPM site is going to garner quite a bit of attention,” says Melinda Lemmon, executive director of the Cartersville-Bartow County Department of Economic Development. “It is an extraordinary piece of property in its proximity to the interstate, its topography and its infrastructure attributes.”

Matt DiLeo, partner at WPM Commercial, notes Interstate 75, which is a critical distribution artery, connects Florida to Michigan and passes through Atlanta, the logistics hub of the Southeast United States. The Interstate 75 corridor northwest of Atlanta previously carried a reputation of challenging topography and a lack of Freeport exemptions.

“This site offers 100 percent Freeport exemptions from the City of Adairsville and Bartow County,” DiLeo says. “With those two objections alleviated, the site offers industrial users a fantastic opportunity to set up shop in an underserved, business-friendly area with immediate access to the heart of the country's interstate system.”

Atlanta is seeing development of warehouses and distribution centers at nearly twice the rate of 12 other primary US inland part markets. That's according to CBRE Group.

“Atlanta's industrial market has achieved a healthy balance as developers are reacting to the natural drawdown of available supply,” Dan Wagner, CBRE Southeast research manager, tells GlobeSt.com. “Atlanta saw a drop in both the vacancy rate and the overall level of development during the second quarter of 2016, indicating that construction starts are not outpacing demand. While new construction levels are significant, so is tenant demand, so the threat of overbuilding is small as of mid-year 2016. If anything, the market is supply constrained—not since 2001 has the market been this tight.”