Cushman & Wakefield To Lease 117 KSF Facility Near Atlanta
Cushman & Wakefield has been selected as exclusive leasing broker in charge of Factory Shoals Distribution Center, a 117,306-square-foot industrial development in Austell, Ga. The landlord is Alliance Industrial Co. and the project is scheduled to be delivered in 2024’s third quarter.
The owner acquired the 10.8-acre development site in August 2023, for $1.9 million, according to Cobb County public records. During the same period Hancock Whitney Bank originated a $10.9 million construction loan with a maturity date in 2026, according to the same source. Cushman & Wakefield’s team of Senior Associate Connor Larkin, Executive Director James Phillpott, and Director Helen Cauthen will market the property for lease.
Factory Shoals Distribution Center will be at 7605 Factory Shoals S.W. and will consist of a rear-load industrial facility that will include 32-foot clear heights, ESFR sprinkler systems, two drive-in doors, 30 dock-high doors and a build-to-suit office component. Additional features include 103 vehicle parking spots, 44 trailer parking spots and a 2.6-acre industrial outdoor storage lot next to the facility, with an extra trailer parking space.
The industrial project will provide easy access to Interstate 20 and will be 6 miles from Fulton County Airport, 13 miles from Atlanta, 15 miles from Marietta, Ga., and within 20 miles of Hartsfield-Jackson Atlanta International Airport.
Atlanta’s pipeline so far
As of February, Atlanta had 5.7 million square feet of industrial space under construction, a recent CommercialEdge report shows. Across Southeastern metros, Atlanta was outpaced by Charlotte’s 13 million-square-foot pipeline, while Nashville’s figure stood at 3.2 million square feet.
Recently, electric vehicle manufacturer Rivian put on hold the construction of its $5 billion plant in Stanton Springs, Ga., in a neffort to cut costs. The 16 million-square-foot manufacturing plant was planned to take shape on an 1,800-acre site 40 miles from Atlanta.
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