Core5 Industrial Partners has broken ground on a speculative distribution center in Buford, Georgia, it said will be ideally positioned to serve the Atlanta area and greater Southeast region once it's completed next year.
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One of Greater Cincinnati’s most active developers is getting ready to start on a massive, speculative industrial building in Northern Kentucky. (more…) Read More
SOUTH FULTON COUNTY, Ga. — Amazon is showing the new way it makes sure the things you order online get to you safely and without any risk of COVID-19. The online retailer gave Channel 2′s Steve Gehlbach an exclusive tour of its newest delivery center in metro Atlanta.
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ELSMERE, KY — September 30, 2020 – Core5 Industrial Partners has closed on a 65-acre industrial site at Exit 180 in the Airport submarket of Kentucky. Core5 will immediately break ground on the development of C5 75/71 Northern KY Logistics Center, a 772,000-square-foot state-of-the-art logistics facility. Delivery of the building is scheduled for Q3 2021.The 772,000-square-foot cross-dock building, divisible to +/- 300,000 square feet, will feature 40-foot clear ceiling height and can accommodate trailer parking for up to 248 trailers and 330 auto parking spaces. The site is strategically located 2.5 miles from I-75/71 (exit 180), offering superior access to Cincinnati’s CVG International Airport, DHL’s Super Cargo Hub, and the future home of Amazon Prime Air. A 2-day drive reaches nearly 90% of the U.S. population. C5 75/71 Northern KY Logistics Center also benefits from an immediate strong labor market, exceptional transportation infrastructure, and a 30-year pilot tax abatement.“Core5 is bringing best-in-class ideas to the C5 75/71 Northern KY Logistics Center project,” states Doug Armbruster, Senior Vice President for Core5. “It will be a real game changer for the market. The access is exceptional. Coupled with 40’ clear height, low real estate taxes and strong labor pool, it’s an unbeatable location for users who need access to the interstate and the UPS cargo facilities,” added Armbruster.CBRE will represent Core5’s leasing efforts for the building. Read More
LOUISVILLE — July 22, 2019 – Core5 Industrial Partners, a new-to-Louisville developer and owner of industrial properties, has started construction on the largest speculative building in the market, a 1,038,240-square-foot building at Bourbon Trail Logistics Center, located less than one mile from I-65 at KY-245 in Shepherdsville.
The building is the first 40-foot clear height speculative building to deliver in the market and will be available in the second quarter of 2020. The million-square-foot building offers generous parking for 638 auto spaces with options to expand and 237 trailer storage locations.
“Core5 is bringing the best-in-class ideas to the Bourbon Trail Logistics Center project,” states Doug Armbruster, Senior Vice President for Core5. “It will be a real game changer for the market. The access is exceptional. Coupled with 40’ clear height, low real estate taxes and strong labor pool, it’s an unbeatable location for users who need access to the interstate and the UPS cargo facilities,” added Armbruster.
The Louisville International Airport houses UPS Worldport, the largest automated package handling facility in the world and the center point of UPS’s worldwide air network. The project is located less than one half mile from I-65 where a high concentration of commodities flow through Kentucky.
JLL’s Powell Spears and Matt Hartlage represented Core5 in purchasing the 49.8-acre site and will also represent Core5’s leasing efforts for the building. “This project checks all the boxes for users seeking strategic logistics opportunities – location, infrastructure, strong labor talent, incentives and the latest in distribution space design,” states Spears.
The project design team consists of MacGregor Associates Architects and Mindel Scott.
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INDIANAPOLIS, July 16, 2019 – Core5 Industrial Partners, a new-to-Indianapolis developer and owner of industrial properties, has started construction on a 1,070,160 square foot building in Hendricks Gateway Park located at I-70 and State Road 39 in Monrovia.
The building is the first 40-foot clear height speculative building to deliver in the market and will be available in the second quarter of 2020. The million-square-foot building is expandable to approximately 1.7 MSF square feet and offers generous parking for 663 auto spaces and 251 trailer storage locations with options to grow to 372 trailer spaces.
“Core5 is bringing the best-in-class ideas to the Hendricks Gateway project”, declared Doug Armbruster, Senior Vice President for Core5. “It will be a real game changer for the market. The access is exceptional. Coupled with 40’ clear height, a 10 year real estate tax abatement, and strong labor markets, it’s an unbeatable location for e-commerce users who need access to the interstate system and the airport cargo facilities”, added Armbruster.
The Indianapolis International Airport houses the world’s 2nd largest FedEx facility and Indianapolis is the 8th largest cargo airport in North America. The project is adjacent to I-70 where the highest concentration of commodities flow through Indiana. The interchange is being improved to a diverging diamond interchange as well.
CBRE’s Andrew Morris and Jeremy Woods, who represented CORE5 in purchasing the 76 acres the new building sits on, will represent Core5’s leasing efforts for the building. “This project checks all the boxes in site selection – location, infrastructure, labor, incentives and the latest in distribution space design”, states Morris.
The project team consist of GDI Construction, MacGregor Associates Architects, and Structurepoint.
Hendricks Gateway Park is currently home to DHL, Chewy.com, Johnson & Johnson and Geodis.
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A new-to-Cincinnati developer and owner of industrial properties has started construction on its first speculative project in the region. Core5 Industrial Partners has started work on 75/71 Logistics Center at Walton, a more than 630,000-square-foot industrial building at 950 Wenstrup Lane. The building will boast nearly 14.5 acres under roof.
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Core5 Industrial Partners inked a full-building, 1.2-million-square-foot lease with Lakeland, Fla.-based Saddle Creek Logistics Services, which was the metro area’s largest industrial lease deal of 2018.
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Hundreds of real estate leaders honored significant deals of 2018 at the Atlanta Business Chronicle event Feb. 28 at American Spirit Works.
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