Jefferson Mill Business Park Phase III, Jefferson, GA
JEFFERSON, GA—Trammell Crow Company and its joint venture partner, Clarion Partners, have acquired 109.7 acres for the third phase of Jefferson Mill Business Park. The acquisition represents an assemblage of seven different properties and held by seven distinct owners. TCC and Clarion are marketing Phase III as a build-to-suit, cross-dock distribution facility that can provide tenants between 1.1-and-1.5 million square feet of space.
“With Atlanta's growing population base, major interstates, proximity to the world's busiest airport, and our site's attributes, our project is well-positioned to benefit from the continued e-commerce surge in Atlanta,” says Mark Dishaw, principal with TCC's Atlanta business unit. “We have experienced tremendous success with our first two phases and look forward to delivering the third phase with Clarion.”
Located in Jefferson, GA, Jefferson Mill Business Park is within the I-85 Northeast Market, one of the largest industrial markets in metro Atlanta. Only one mile from I-85 Exit 137, the Phase III site is located across Hog Mountain Road from Phases I and II and features desirable frontage along I-85, along with the ability to accommodate more than 1.5 million square feet, more than 500 trailer spaces and more than 1,000 auto parking spaces. Altogether, Phases I, II, and III comprise approximately 232 acres of land and up to 2.7 million square feet of industrial space.
“We are excited about this acquisition and the ability to expand upon the success of the first two phases at Jefferson Mill Business Park with our partner, TCC,” says Clarion Partners senior vice president Tom Flanigan. “The proximity to I-85, flexible building design and best-in-class specifications will allow us to see a diverse mix of tenant requirements.”
Price Weaver and Ben Logue with Colliers International represented TCC and Clarion Partners in the transaction. Matt McCord with Norton Commercial, Grant Whitworth with Whitworth Land Corporation and Kim Bowman with Keller Williams represented the various sellers.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
