Transwestern Investment Group (TIG®), on behalf of Transwestern Strategic Partners Fund III (“TSP Fund III”), announces it has acquired 29.1 acres in Ellenwood, Georgia, and is partnering with Transwestern Development Company (TDC®) to build a 265,775-square-foot distribution center on the site. Construction is scheduled to begin in the fourth quarter of 2023, with delivery anticipated in the third quarter of 2024.
“This acquisition complements our strategy to develop highly functional, core assets in major logistics markets across the country,” said Chris Sterling, Director of Acquisitions at TIG. “Given the infill location, Clayton Technology Center will provide much-needed industrial space in an undersupplied and land-constrained market.”
Clayton Technology Center will be on Highway 42 and offer access to Interstates 675, 75 and 285. Located approximately 10 miles from Hartsfield-Jackson International Airport, the Class A rear-load facility features a 36-foot clear height, 60 dock doors, ESFR sprinklers, 37 trailer stalls and 245 auto parking stalls.
“Clayton Technology Center is designed to meet the needs of forward-thinking companies seeking a premier location for last-mile distribution in metro Atlanta,” said Jack Chapman, Vice President at TDC. “Modern warehouse features, accessibility to labor and excellent transportation options respond to what tenants are seeking in this key industrial market.”
The Conlan Company will serve as general contractor. CBRE’s Todd Barton and Joanna Blaesing will handle leasing.
In October 2022, TIG announced the close of TSP Fund III. The fund closed with $325 million of commitments, the company’s largest fundraise to date, and focuses on diversified value-add investment and development opportunities in markets across the U.S. that are driven by strong job growth and global supply chains.