Hines Enters Atlanta Industrial Scene With 2 Spec Warehouses
The international developer known for such iconic Atlanta office projects as 1180 Peachtree, One Ninety One Peachtree Tower, the Ravinia office towers in Central Perimeter and T3 West Midtown, the city's first timber-framed office building, has announced its next major metro project: two speculative warehouses 45 minutes northwest of Atlanta.
Hines purchased 97 acres in Bartow County, at the intersection of Interstate 75 and Cass White Road, for its first-ever industrial project in Metro Atlanta, to be called Busch Logistics Park. The project is expected to involve two distribution centers totaling 737K SF. Both buildings are set to break ground without tenants signed before construction starts, company officials said in a release.
Hines has tapped JLL Managing Director Bob Currie and Executive Vice President Reed Davis to lease the project.
The Bartow County area is already a major manufacturing and logistics hub in the state, with companies like carpetmaker Shaw Industries Group, Toyo Tire, Anheuser-Busch/InBev and Kennesaw Transportation among the area's largest employers.
Just last year, Panattoni Development Co. announced plans for a 1M SF distribution facility off Cassville White Road and I-75, more than a mile north of Hines' site, the Atlanta Business Chronicle previously reported.
“Many nationally recognized e-commerce and logistics firms are choosing Northwest Atlanta due to its proximity to the new Inland Port, a plentiful labor pool and its business-friendly environment,” Hines Senior Director Ryan Wood said in a release.