The Broe Group Plans Build-to-Suit Atlanta Project
The facility will be connected to the North American rail network.
The Broe Group has acquired a 14-acre site at 5601 Bucknell in Georgia’s Fulton County Industrial District, where it plans to develop a 225,000-square-foot build-to-suit industrial facility.
The property will have rail service from Fulton County Railroad. It is one of four OmniTRAX railroads in Georgia that connect customers to the North American rail network, providing rail, port and market access to the Southeast. Pad-ready construction is expected in February 2025.
The area provides a rare infill redevelopment opportunity within Atlanta’s I-20W submarket, home of industry giants such as UPS, Amazon, Lowes, Google and Walmart. Also nearby are the world’s busiest airport (Hartsfield-Jackson) and immediate access to Atlanta’s three converging interstate systems.
A strong industrial market
“Atlanta’s industrial market remains one of the most sought-after in the Southeast, driven by its connectivity, skilled workforce and growing population,” Marc Civitillo, managing director of acquisitions, SkyREM, told Commercial Property Executive.
SkyREM is expanding its portfolio nationally and across the Southeast, including recent acquisitions of a nearly 650,000-square-foot facility in Savannah, Ga. and a 1 million-square-foot facility in Macon, Ga.
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“We are continuously seeking new acquisition opportunities in Atlanta and other key markets, focusing on properties that offer modern facilities with strategic access to distribution networks, ports and rail infrastructure to meet the rising demand for industrial space,” Civitillo said.
The rail connectivity advantage
In June, OmniTRAX, was named the exclusive railroad operator for Ports of Indiana – Mount Vernon. OmniTRAX operates 27 railroads, serving ports and industrial parks nationwide. The new rail agreement serving the 1,200-acre port began in August and is the fourth domestic port in the OmniTRAX network.
Ports of Indiana-Mount Vernon has an estimated budget of $1.6 billion and handles more cargo than any other port in the state.
A year ago, South Korea-based automotive part supplier Kyungshin America Corp. selected Savannah Gateway Industrial Hub, a 2,700-acre industrial park sited 12 miles outside the Port of Savannah in Rincon, Ga., to locate its new distribution center.
The master-planned development is owned by a public-private partnership including The Broe Group, its transportation affiliate OmniTRAX and the Effingham County Industrial Development Authority. Construction began in 2019 with the development of a 1 million-square-foot building. Upon completion, the master-planned project is set to comprise 18 million square feet.
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