Media Releases Category: Company News
*Ranked by square feet developed, 2021-2022.
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Ranked by square feet developed, 2020-2021.
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CBRE Set to Market and Lease Phase II Buildings Following Successful Leasing of Initial Phase I Building
Cincinnati – September 2, 2021 – Core5 Industrial Partners announced today that Phase II of the Core5 Industrial Partners speculative multi-building industrial project is scheduled to break ground in the third quarter of this year in Elsmere, Kentucky.
Phase II will feature two buildings totaling 869,308-square-feet. Building 2 offers 585,064-square-feet of cross-dock capability for larger tenants while Building 3 will offer 284,244-square-feet of single-loaded space, creating leasing opportunities for smaller end-users. Phase II follows the successful leasing of the Phase I -- 839,931-square-foot C5 Airport East Logistics Center Building 1 to Diversey, Inc. at 7900 Foundation Drive. This building is scheduled to be completed in Q1 2022. (more…)
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Core5 was honored with the Industrial Development Deal of the Year for our Crossroads Business Center development, by the NAIOP Georgia Chapter for 2020. This development consists of a 131-acre site located less than 7 miles from Hartsfield-Jackson International Airport. By strategically thinking through the design and layout of the site, we offered the ideal design and location for largescale e-commerce users for this 1,007,000 SF facility.
The development was pre-leased to Amazon on a 10-year lease and will be sold in early January 2021 at a record cap rate for Metro Atlanta.
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Congrats to Core5 Industrial Partners' Linda Booker for her GlobeSt.com’s 2019 Women of Influence nomination as Finance Executive of the Year award!
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A German real estate fund manager said it just closed on the acquisition of Southwest 85 Logistics Center , a property that landed the largest industrial lease in metropolitan Atlanta last year.
GLL Real Estate Partners, the Munich-based real estate investment platform of Macquarie Group, bought the 1.2 million-square-foot distribution and logistics facility in Newnan, Georgia, from Core5 Industrial Partners, the Atlanta firm that developed the building.
Terms of the transaction were not disclosed. The price likely was in the range of $75 million to $87 million - or $62 to 72 per square foot - based on comparable sales of new, fully leased industrial assets in the area. A comparable building at 5000 Bohannon Road, also on Atlanta's Southside, that's fully leased to battery maker Duracell sold in 2017 for $71 per square foot.
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Core5 Industrial Partners and Helms Development Acquires 60-Acres in South Florida to Develop 750,000 SF of Class A Office/Warehouse
Construction Slated to Begin in April on South Florida Distribution Center’s First Building, Spec Space Spanning 223,880 SF
ATLANTA, January 30, 2017 – Atlanta-based Core5 Industrial Partners and Florida-based Helms Development today announced the acquisition of a 60-acre land parcel from the City of Pembroke Pines located at 20421 Sheridan Street, Pembroke Pines, Florida. The site is one of the last remaining in Southwest Broward to offer build-to-suit options for larger users and offers a distinctive advantage with trailer parking – an option no other property in land-constrained Broward County can offer. (more…)
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Core5 Logistics Center at Shugart Farms is First Development to Hit Market in Atlanta
ATLANTA, December 28, 2015 – Three of Atlanta’s veteran industrial real estate professionals, in conjunction with Kajima USA Group, announced the formation of Core5 Industrial Partners, a real estate property company focused on development and acquisition of Class A industrial properties. (more…)
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Cushman & Wakefield’s Pat Murphy and Ray Stache Lead Leasing Efforts
ATLANTA, Jan. 07, 2015 – Cushman & Wakefield’s Atlanta industrial team has been selected by Core5 Industrial Partners to provide agency leasing services for Core5’s recently announced, 873,800-square-foot state-of-the-art distribution building in Fairburn, Ga.
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