Two speculative Class A industrial buildings totaling 540,408 sq. toes are coming to the brand new Northeast Georgia Inland Port.
Alliance Industrial Firm will break floor this quarter on the Alliance 985 Enterprise Park, which is slated to be delivered in early 2026 at 3605 Atlanta Hwy Flowery Department, Ga.
Avison Younger has organized the sale of the 66.75 acres of land wanted for the event. The primary constructing shall be 113,536 sq. toes, and the second shall be 426,872 sq. toes.
Alliance 985 Enterprise Park boasts seamless entry to I-985 and I-85, which, coupled with its proximity to the brand new Northeast Georgia Inland Port and entry to a deep labor pool, makes it one of the well-positioned merchandise to launch in latest months, in line with Chris Hoag, CCIM, senior affiliate, Capital Markets Group, Avison Younger.
“That is extraordinarily enticing to industrial customers available in the market right this moment, particularly as new product provide throughout the Southeast has dwindled as a result of elevated building prices and heightened rates of interest,” Hoag instructed CPE.
There was an 80 p.c decline in groundbreaking for brand spanking new industrial initiatives in Q3, in line with Avison Younger’s Q3 2024 Atlanta Industrial Market Report, in comparison with the height of improvement in 2021.
In 2024, industrial leasing exercise by sq. footage has steadily elevated to the very best stage since 2022, indicating important demand exists whilst obtainable provide dwindles.
“Heading into the brand new 12 months, we anticipate building begins for industrial product to pattern again in the direction of long-term historic ranges because the market outlook normalizes within the post-election interval and capital markets surroundings,” the report states.
Georgia has lengthy been an industrial powerhouse at practically 1 billion sq. toes of commercial area.
“Nonetheless, the Port of Savannah’s fast development, the nation-leading business-friendly surroundings, and the state’s rising inhabitants will proceed solidifying that place,” Hoag mentioned.
Logistics hubs equivalent to UPS and FedEx are close by, and the Northeast Georgia Inland Port supplies a direct hyperlink to the Port of Savannah via the Norfolk Southern railroad.
In November, Alliance Industrial broke floor on Ironhead Commerce Heart, a four-building, 906,271-square-foot industrial park in Northlake, Texas. The undertaking is in partnership with Barings.
