ATLANTA, GA – Panattoni Development Company selected CBRE Group as the exclusive leasing agent for a large bulk warehouse development in the Northeast Atlanta submarket.
The Newport Beach, Calif.-based developer purchased approximately 60 acres and plans to develop a 492,000-square-foot cross-dock bulk warehouse, which will be part of Phase II in Buford Logistics Center. The new facility will be built adjacent to the 38-acre, 414,960-square-foot Phase I that was completed this year. The speculative building will feature 36’ clear height, energy-efficient LED and T5 fluorescent lights, and abundant trailer storage. The project is located in Buford, Ga, with easy access to Interstates 985, 85 and 285. The location is 50 miles from Atlanta’s Hartsfield-Jackson International Airport and less than 300 miles from the Port of Savannah, the nation’s most important container terminals and a leading port in TEU (twenty-foot equivalent unit) growth.
The CBRE Atlanta industrial team of Trey Barry, Mark Hawks, Todd Barton and Greg Haynes will market and lease the building. CBRE also leased the Buford Logistics Center Phase I building to full occupancy, according to Dayne Pryor, Local Partner for Panattoni.
