Commercial property

Lincoln Property Plans Atlanta Industrial Projects

Calhoun, Georgia, industrial site. Image courtesy of Lincoln Property Co.

Lincoln Property Co. Southeast acquired land in Kennesaw, GA and Calhoun, GA where it will build two industrial projects totaling more than 800,000 square feet over the next several years in the northwest submarket of the Atlanta Industrial Market.

According to Turner Fortin and Colin Beecham, Industrial Hire Partners with Lincoln. The property will be built with the convenience of tenants in mind, offering amenities such as covered parking and an outdoor barbecue and seating area.

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The 65-acre property is located on Belwood Road, just off I-75. It will be 50 miles from Chattanooga, TN, and 50 miles from I-285, providing proximal access to the nearest major cities. Construction will begin in the third quarter and is expected to be completed by summer 2023.

Fortin said commercial real estate director plans for the Kennesaw location are still in the design phase. The property, also located off I-75, includes a 175,000 square foot flex office building that is currently leased. Lincoln acquired the building and 26 acres of land, where it plans to redevelop the site with one or two buildings totaling 400,000 square feet after demolishing the existing structure. This site will feature rear-loading facilities with clear heights of 36 feet. If a building is built, Fortin said there would be about 70 doors at platform height. If two buildings are constructed, they will likely each have 40 doors at platform height.

The Kennesaw site is closer to Atlanta and is less than a quarter mile from Kennesaw State University’s main campus and 12 miles from I-285. The property has 26 acres and is located at the intersection of Big Shanty Road and Town Point Drive.

Fortin said they love the location and said it has “great base demographics.” He said Lincoln is keeping an open mind about the plans and will consider custom-build options or go the speculative route for the infill property located about 25 miles from downtown Atlanta. Construction is not expected to begin at the Kennesaw site for the next 24 to 48 months, he said. CPE.

Booming market

Industrial development has seen a huge growth boom across the state in recent years, particularly in the Northwest region, Fortin said in prepared remarks. He added that both projects are conveniently located less than a mile from I-75 and a short drive from Metro Atlanta, making them perfect locations for reaching other transportation routes. and an MSA of more than 6 million people.

Fortin said they expect to see successful leasing of both properties as users continue to seek prime industrial space in the Atlanta area, which has approximately 750 million square feet of industrial space.

Lincoln has developed or is developing approximately 4 million square feet of industrial space and leases and manages an additional 15 million square feet as a third-party operator in the Atlanta market.

Based in Dallas, Lincoln has developed more than 239 million square feet of industrial, office and retail projects, as well as 216,000 apartments across the United States LPC Desert West, Lincoln’s southwest division, has been particularly active in the Arizona region in recent months. Last week, LPC Desert West acquired a 77-acre site to build I-10 International, a 1 million square foot industrial development in Tucson, Arizona that will include four class-leading warehouse and distribution center buildings. A. In May, LPC Desert West announced the development of Luke Field, a 2.3 million square foot megaproject in Glendale, Arizona.