Logistics Property Company, LLC, a logistics real estate owner, developer, and manager, executed two new leases within three weeks in the company’s Southeast Region. This included a 106,000-square-foot lease in Northeast Atlanta at Gainesville 85 Business Center and a 95,000-square-foot lease at Duncan 85 Business Center in the Greenville-Spartanburg market.
“Our leasing velocity has accelerated through the first half of the year and reflects our strategy of developing modern facilities, with available heavy power, access to communities with an excellent manufacturing and logistics work force and proximity to an expanding network of inland-intermodal facilities that provide port connectivity,” said Sean Fitzsimmons, Senior Vice President for Logistics Property Company’s Southeast Region. “Our recent leasing success has driven continued investment in land and construction starts by our Southeast development team and in markets across the country.”
Gainesville 85 Business Center, located in Gainesville, Georgia between I-985 and I-85 Northeast of Atlanta is comprised of two completed logistics facilities totaling 585,000 square feet. Two additional buildings are under construction that will add an additional 325,000 square feet to the park when complete. Gainesville 85 Business Center is strategically located with quick access to Georgia Port Authority’s Blue Ridge Connector Intermodal Yard, which will offer a direct link to the Port of Savannah via Norfolk Southern Railroad when it opens in 2026.
Duncan 85 Business Center, located in the Spartanburg, South Carolina West Submarket, offers highway visibility to I-85 at Highway 101 and proximity to the Inland Port of Greer.
Young Ja Kim of Master Realty in Atlanta and Luke and Bobby Lyons of Lyons Industrial Properties in Greenville represented their respective tenants in these transactions. Shepard Stuart, Vice President, Southeast Region, and J.C. Hay, Senior Vice President, Asset Management were supported by CBRE’s listing teams of Todd Barton, Joanna Blaesing, Mark Hawks, and Matt Higgins in Atlanta and CBRE’s Campbell Lewis and Marcus Cornelius in Greenville-Spartanburg.
About Logistics Property Company
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 nearly 80 employees strategically located across eight markets. Its portfolio is comprised of 67 buildings across 27 million square feet with an estimated end value of more than $4.1 billion. For further information, please visit logisticspropco.com.
Media Contact
media@logisticspropco.com