John Hancock Real Estate and CRG Developing Distribution Center Along I-75 in Atlanta
ATLANTA, GA – John Hancock Real Estate and CRG are developing a 1 million square-foot, state-of-the-art, industrial building in the Atlanta suburb of Locust Grove. The building will be available for occupancy in early 2018.
“Atlanta’s thriving business culture makes it a key component of our real estate acquisition and development strategy,” said Kevin Adolphe, President & Chief Executive Officer of Manulife Real Estate. “The prime location of this new industrial development along with the expertise of our partner, CRG, will give tenants the ideal platform for success.”
Real estate developer CRG, on behalf of John Hancock Real Estate, owner of the property, will create a multiple phase business park with the flexibility to meet large industrial needs. This is the first of a 311-acre development designed for over 4.5 million square-feet of industrial buildings.
CRG Vice President and Southeast Partner Mike Demperio said: “We see significant opportunity in the I-75 corridor with close proximity to the Port of Savannah, Charleston, Jacksonville and all of Florida. Within the attractive Henry County industrial market, the site is located a half mile from the I-75 and Bill Garner Parkway interchange, just 30 miles south of Hartsfield-Jackson International Airport.”
CRG Partner Larry Chapman added, “CRG has looked for superior sites throughout the Atlanta industrial market and Locust Grove delivers to today’s modern industrial user on all counts. This is one more step that CRG is taking to enhance our industrial portfolio in the southeast market.”
Clayco is the design-builder and its subsidiary, Lamar Johnson Collaborative is the architect on the project. For more information about the Locust Grove Distribution Center, visit the CRG website.
For further information, please visit www.locustgroveindustrial.com.