ATLANTA – (Realty News Report) – Hines has broken ground on Busch Logistics Park, a 97-acre industrial project that will include two speculative buildings and nearly 732,000 SF of industrial space.
Located in Bartow County, the project is Hines’ first Atlanta-area logistics property.
The two new buildings that will be simultaneously developed are: Building A will span 523,541 SF and a 36-foot clear height. Building B will span 207,989 SF and a 32-foot clear height. Both buildings will deliver in third quarter of 2021.
“Busch Logistics Park will answer the growing demand for state-of-the-art distribution and warehouse space in one of the area’s most rapidly growing markets,” said Hines Senior Director of Industrial Development and Acquisitions Ryan Wood.
Hines selected JLL Managing Director Bob Currie and Executive Vice President Reed Davis to handle marketing and leasing efforts for the Busch project.
“Since the COVID-19 outbreak, we’ve seen increased demand for high-quality logistics solutions, and we’re already generating significant interest in Busch Logistics Park from prospective tenants,” said JLL’s Davis.
“Busch Logistics Park presents a unique opportunity for Stonemont to leverage the investment and planning expertise we’ve garnered on similar Class A industrial projects across the country,” said Stonemont Managing Principal and CEO Zack Markwell. “We’re pleased to partner with Hines and JLL on creating a key logistics and distribution hub in NW Atlanta that will attract a wide variety of industrial users and is well-positioned for future growth and success as the e-commerce revolution continues to bloom.”
Houston-based Hines is a privately owned global real estate investment firm founded in 1957 by the late Gerald D. Hines. Hines has a presence in 225 cities in 25 countries and has a portfolio of approximately $144.1 billion of assets under management.
Jan 6, 2021 Realty News Report Copyright 2021
File: Hines Breaks Ground
Caption: Hines Breaks Ground on Busch Logistics Park. Rendering: Courtesy Hines