Media Releases Category: In The News
FAIRBURN, GA. — Core5 Industrial Partners has sold Core5 Logistics Center at Shugart Farms, an 873,800-square-foot industrial facility located in Fairburn, roughly 20 miles south of Atlanta, for $62 million. Chris Riley, Frank Fallon and Trey Barry of CBRE represented Atlanta-based Core5 in the sale to a private institutional investor. The logistics facility was constructed in early 2017 and was fully leased to The Duracell Co. at the time of sale.
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873,800 SF Core5 Logistics Center at Shugart Farms Purchased by Private Investor
Atlanta-based Core5 Industrial Partners announced today the recent sale of their initial development in Metro Atlanta, 873,800-square-foot Core5 Logistics Center at Shugart Farms, to a private institutional investor. The high cube logistic facility completed construction in early 2017 and is fully leased on a long-term basis to The Duracell Company, a wholly-owned subsidiary of Berkshire Hathaway.
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The Memphis-area market for industrial real estate remains strong, having just recorded its 15th consecutive positive quarter in the demand for space, according to a report released Wednesday by CBRE.
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DESOTO COUNTY, MISS. — Atlanta-based Core5 Industrial Partners has acquired a 173-acre land site to develop DeSoto 55 Logistics Center, a 2.5 million-square-foot business and logistics park in DeSoto County, located just across the state border from Memphis, Tenn. Anticipated development costs will exceed $125 million, according to a news release from the developer.
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An Atlanta-based developer is planning to build a 2.5 million-square-foot spec industrial park on 173 acres it recently acquired in DeSoto County.
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A major lease in a new southside Atlanta property developed by a new player in the Atlanta industrial market is an Industrial finalist in Atlanta Business Chronicle’s 2017 Best in Atlanta Real Estate Awards.
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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.
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After closing on its 60-acre development site in Pembroke Pines last week for $14.25 million, joint venture partners Core5 Industrial Partners and Helms Development are moving forward with their plans for a distribution center that could cost up to $125 million.
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Sonoco Products Company, one of the largest global diversified packaging companies, will invest $20 million in a new packaging center in Fairburn, Georgia. The company plans to create 130 full-time and 465 part-time jobs.
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Atlanta-based developer Core5 Industrial Partners plans to begin construction on a new speculative distribution hub in southern Dallas County, which will total more than 750,000 square feet.
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