Logistics Property Company, LLC (LogiPropCo), a logistics real estate owner, developer, and manager, has signed three leases totaling 373,000 square feet of newly built industrial space to manufacturing and assembly tenants at Covington Commerce Center in Covington, Georgia. With these commitments, including a full building lease at Building 100, the development is eighty percent leased with 97,000 square feet of available space remaining at Building 200.
Covington Commerce Center is a two-building, LEED Certified, 470,000 square foot development in Covington’s established logistics and manufacturing market. The park is strategically located in fast growing Newton County in the I-20 East submarket of Atlanta, where there are more than 640,000 people within 25 miles and 9 million residents within 100 miles.
Sean Fitzsimmons, Senior Vice President of LogiPropCo’s Southeast Region, Shepard Stuart, Vice President – Southeast Region and Andrew Sorensen, Vice President – Construction, were supported in the development of Covington Commerce Center by NAI Brannan Goddard’s Nathan Anderson and Matt Bentley as well as the City of Covington, Newton County Economic Development and the Georgia Department of Economic Development.
“Onshoring is real as we are seeing tremendous demand for clean manufacturing and assembly operations throughout our national development portfolio,” said Fitzsimmons. “The State of Georgia, and the Covington community in particular, are well positioned to continue to capture this expansion due to an experienced manufacturing workforce, available heavy power, and excellent logistics access off I-20 with proximity to the Atlanta market as well as well as access to the ports of Savannah and Charleston, South Carolina.”
“Logistics Property Company’s Covington Commerce Center provided everything my client needed, access to a great work force, available power and a high-quality facility” said Myles Thomas of JLL, who served as the tenant representative for the Covington Building 100 lease.
Learn more about the remaining space at Building 200, available for immediate occupancy, here.
About Logistics Property Co.
Logistics Property Company, LLC is a logistics real estate operating company and investment manager focused on the acquisition, development, and management of modern logistics properties in key North American markets. The company executes a disciplined investment strategy, ensuring optimal outcomes for our investors, employees, communities, and environment. Headquartered in Chicago, Logistics Property Company has more than 80 employees strategically located across eight markets. Its portfolio is comprised of 67 buildings across 27.2 million square feet with an estimated end value of more than $4.1 billion. For further information, please visit logisticspropco.com.
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