With its 22nd consecutive quarter of positive absorption, Atlanta's industrial market finished 2016 with 16.5 million square feet of space absorbed, pushing the market's total net absorption over the last three years to over 50 million square feet, according to the 4Q16 Atlanta Industrial Market Report from Colliers International. Projections for continued job growth and expansion in the e-commerce, logistics and manufacturing industries poise the market for continued momentum.

Palmetto Logistics Park is being developed in partnership with Atlanta-based River Oaks Capital Partners. Colliers International will market the property for lease. Port Logistics Realty is also underway on Southport Logistics Park, a 531-acre, 9 million-square-foot master planned logistics park in the Dallas/Fort Worth market.

ATLANTA, GA—Port Logistics Realty broke ground on Phase I of Palmetto Logistics Park, a two-phase, 2.6 million-square-foot industrial park in Metro Atlanta. The project is PLR's first in the Atlanta market.

Located in South Fulton County, Palmetto Logistics Park is situated near the CSX/BNSF Intermodal facility and Interstate 85, just 12 miles southwest of Hartsfield-Jackson Atlanta International Airport, offering access to the greater southeastern United States as well as seaports along the Gulf of Mexico and Atlantic coast.

Slated for completion in winter 2017, Phase 1 will include a 1.1 million-square-foot industrial facility, expandable to 1.3 million square feet, as well as park infrastructure. Phase II will include a 1.3 million-square-foot facility. Both buildings are designed to meet the needs of e-commerce users featuring innovative design elements, technology, and to support the growing demand for large, class A industrial space in the market.

“With the continued growth of e-commerce, we see tremendous opportunity in the South Fulton County submarket,” Rob Huthnance, president, PLR Development, tells GlobeSt.com. “The location of Palmetto Logistics Park checks all of the boxes from a logistics perspective—it's along the I-85 corridor, near the CSX/BNSF Intermodal facility, within the fourth-largest industrial market in the US. However, there is a shortage of new, class A facilities in this submarket that meet the technology and functionality requirements of today's e-commerce user. Palmetto Logistics Park will help fill that void by offering state-of-the-art facilities and campus-quality infrastructure in one of the best logistics locations in the country.”

With its 22nd consecutive quarter of positive absorption, Atlanta's industrial market finished 2016 with 16.5 million square feet of space absorbed, pushing the market's total net absorption over the last three years to over 50 million square feet, according to the 4Q16 Atlanta Industrial Market Report from Colliers International. Projections for continued job growth and expansion in the e-commerce, logistics and manufacturing industries poise the market for continued momentum.

Palmetto Logistics Park is being developed in partnership with Atlanta-based River Oaks Capital Partners. Colliers International will market the property for lease. Port Logistics Realty is also underway on Southport Logistics Park, a 531-acre, 9 million-square-foot master planned logistics park in the Dallas/Fort Worth market.