ATLANTA—In a joint-venture with Yates Group and JAC Real Estate Investments, Ackerman & Co. just scored a major win in Atlanta's industrial market. The companies pre-leased Braselton Logistics Center, a 1,000,821-square-foot bulk distribution facility, to Uline Inc.
Uline signed a 10-year lease with Ackerman. The company will combine the operations of two nearby distribution facilities in Gwinnett County into the industrial facility, which will serve as its Southeast US logistics hub.
Located in Braselton, GA northeast of Downtown Atlanta, Braselton Logistics Center will house Uline's administrative offices as well as storage and distribution space. Uline is scheduled to move into the facility in the first quarter of 2018. Construction will be completed in late 2017.
Brett Buckner of Ackerman, Todd Yates of Yates Group, and Julian Brown of Transwestern represented the landlord in the lease transaction. Dave Desper and Blaine Kelley of CBRE represented Uline. Uline currently occupies 498,627 square feet in Duluth and 183,320 square feet in Buford.
(Industry watchers are pointing to stronger foreign investment into Atlanta real estate. Get all the details.)
“Braselton Logistics Center held distinction of being one of the first, and maybe the first, 40-foot clear spec warehouses built in the Southeast and is one of the few million-square-foot distribution centers available in metro Atlanta,” says Buckner, senior vice president at Ackerman. “This long-term lease … began with the assemblage of two parcels and the use of creative planning to position this large bulk facility on a challenging site with multiple grades.”
The cross-dock facility's design features include extra-high 40-foot clear heights, Ductilcrete warehouse floor slab, a white TPO roof with skylights, LED high-efficiency lighting, and parking space for 521 trailers and 639 cars. The facility's office space will also be customized to Uline's specifications.
Braselton Logistics Center is in Atlanta's Northeast industrial submarket, one of the largest and most strategically positioned industrial hubs in the Southeast. Interstate 85, the region's major north-east highway, is accessible via two equidistant diamond interchanges one and a half miles away from the facility. Mizuno, Hitachi, Whole Foods Markets, Havertys, Carters and Kichler are on the industrial center's tenant roster.
Atlanta has four 12 buildings with more than 13 million square feet. According to CBRE, the busiest markets for on-going construction of 1 million-square-foot warehouses are led by the Inland Empire, Chicago, Philadelphia and Atlanta. Across the 10 busiest US markets for this type of industrial construction, 29 such facilities are underway.
“The spread of these big-box facilities tells us several things,” says David Egan, CBRE's Head of Industrial & Logistics Research in the Americas. “Primarily, it underscores the rapid growth of e-commerce, since these megafacilities serve as the backbone of retailers' fulfillment networks, distributing goods across multistate regions. Additionally, developers prefer to build these big boxes in industrial-powerhouse metros that offer the best combination of exceptional transportation access and close proximity to big populations favored by e-commerce users.”
ATLANTA—In a joint-venture with Yates Group and JAC Real Estate Investments, Ackerman & Co. just scored a major win in Atlanta's industrial market. The companies pre-leased Braselton Logistics Center, a 1,000,821-square-foot bulk distribution facility, to Uline Inc.
Uline signed a 10-year lease with Ackerman. The company will combine the operations of two nearby distribution facilities in Gwinnett County into the industrial facility, which will serve as its Southeast US logistics hub.
Located in Braselton, GA northeast of Downtown Atlanta, Braselton Logistics Center will house Uline's administrative offices as well as storage and distribution space. Uline is scheduled to move into the facility in the first quarter of 2018. Construction will be completed in late 2017.
Brett Buckner of Ackerman, Todd Yates of Yates Group, and Julian Brown of Transwestern represented the landlord in the lease transaction. Dave Desper and Blaine Kelley of CBRE represented Uline. Uline currently occupies 498,627 square feet in Duluth and 183,320 square feet in Buford.
(Industry watchers are pointing to stronger foreign investment into Atlanta real estate. Get all the details.)
“Braselton Logistics Center held distinction of being one of the first, and maybe the first, 40-foot clear spec warehouses built in the Southeast and is one of the few million-square-foot distribution centers available in metro Atlanta,” says Buckner, senior vice president at Ackerman. “This long-term lease … began with the assemblage of two parcels and the use of creative planning to position this large bulk facility on a challenging site with multiple grades.”
The cross-dock facility's design features include extra-high 40-foot clear heights, Ductilcrete warehouse floor slab, a white TPO roof with skylights, LED high-efficiency lighting, and parking space for 521 trailers and 639 cars. The facility's office space will also be customized to Uline's specifications.
Braselton Logistics Center is in Atlanta's Northeast industrial submarket, one of the largest and most strategically positioned industrial hubs in the Southeast. Interstate 85, the region's major north-east highway, is accessible via two equidistant diamond interchanges one and a half miles away from the facility. Mizuno, Hitachi, Whole Foods Markets, Havertys, Carters and Kichler are on the industrial center's tenant roster.
Atlanta has four 12 buildings with more than 13 million square feet. According to CBRE, the busiest markets for on-going construction of 1 million-square-foot warehouses are led by the Inland Empire, Chicago, Philadelphia and Atlanta. Across the 10 busiest US markets for this type of industrial construction, 29 such facilities are underway.
“The spread of these big-box facilities tells us several things,” says David Egan, CBRE's Head of Industrial & Logistics Research in the Americas. “Primarily, it underscores the rapid growth of e-commerce, since these megafacilities serve as the backbone of retailers' fulfillment networks, distributing goods across multistate regions. Additionally, developers prefer to build these big boxes in industrial-powerhouse metros that offer the best combination of exceptional transportation access and close proximity to big populations favored by e-commerce users.”
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