Transwestern to Build Atlanta-Area Distribution Center
Clayton Technology Center will come online in late 2024.
Transwestern Investment Group, through its Transwestern Strategic Partners Fund III, has purchased 29 acres of land for the development of Clayton Technology Center, a 265,775-square-foot Class A industrial project in Ellenwood, Ga. Construction is expected to start in the fourth quarter of this year, while completion is anticipated in the third quarter of 2024.
The company closed Transwestern Strategic Partners Fund III in October 2022 with $325 million in commitments. The fund, marking Transwestern’s biggest fundraise to date, will focus on value-add development and investment opportunities in key U.S. markets.
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Earlier this year, Transwestern moved forward with another one of its developments: the company completed Bayport 146 Distribution Center in Seabrook, Texas. The 454,600-square-foot cross-dock industrial facility came online after nearly two years of construction.
A future industrial development near Atlanta
Clayton Technology Center’s development team includes Transwestern Development Co., with Conlan Co. serving as general contractor. CBRE’s Senior Vice President Todd Barton and First Vice President Joanna Blaesing will provide leasing services.
The distribution center will take shape at 5490 Highway 42 and will include 36-foot clear heights, ESFR sprinkler systems, 60 dock doors, 245 vehicle parking spaces and 37 trailer parking spaces. Situated 10 miles from Hartsfield-Jackson International Airport, the development site also provides easy access to interstates 75, 675 and 285. Downtown Atlanta is some 13 miles northwest.
More than 9.5 million square feet of industrial space were under construction in metro Atlanta as of May, according to CommercialEdge information. Nearly 36.5 million square feet pertain to planned and prospective projects.
One of the current developments, a five-building light industrial park totaling 700,000 square feet, is coming online 6 miles from the future Clayton Technology Center. Conlan serves as general contractor for that project as well.
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