Media Releases Category: New construction
Core5 Industrial Partners Announces Two Speculative Buildings Near the Port of Savannah
Effingham Business Center Set to Immediately Break Ground on a 121-Acre Site in Effingham County.
ATLANTA, October 11, 2023 – Atlanta-based Core5 Industrial Partners closed on a 121-acre park located less than 9.5 miles from the Georgia Ports Authority’s Garden City Terminal. Core5 will immediately break ground on the development of Effingham Business Center, located in unincorporated Effingham County on Old Augusta Road, and only 10 miles from Savannah International Airport. The park features a 401,760-square-foot rear-load building, which will accommodate tenants 100,000 square feet and higher and a 362,880-square-foot front-load building, designed to accommodate tenants of 150,000 square feet and higher. Both buildings feature 36’ clear heights, ample auto parking and 185’ truck courts. Delivery of both buildings is scheduled for the first quarter of 2025 and will be move-ready with make-ready office, lights and dock equipment in-place at completion.
“With close proximity to the Port as well as Hyundai’s Metaplant America and its suppliers, Effingham Business Center is strategically located to meet the needs of a broad range of occupiers in the Savannah market. The project is only five miles away from I-95 and 14.3 miles from I-16,” states Rodney Davidson, Vice President Investments for Core5. “Core5 is very bullish on the Savannah market, given the Georgia Ports Authority approved plan to invest over $4.5 billion over the next 12 years to expand and improve operations, we believe Savannah will become an even more important gateway for occupiers, stated Lisa Ward, Senior Vice President with Core5.
CBRE’s Savannah office will handle leasing efforts on behalf of Core5 for both buildings.
About Core5 Industrial Partners
Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Maryland, Memphis, Nashville, Pennsylvania, Phoenix, San Antonio, Savannah and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 43 million square feet since inception.
Immediate access to capital, coupled with the ability to financially support deals on their balance sheet without utilizing third party resources on most transactions, Core5 executes quickly without layers of bureaucratic, time-consuming processes. The company is privately held by 180-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with whom C5 leadership has sustained a 30+ year working relationship.
Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making. For more information on Core5 Industrial Partners, visit www.c5ip.com.
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ATLANTA, July 5, 2023 – Atlanta-based Core5 Industrial Partners closed on a 20-acre, fully entitled industrial site located 23 miles north of downtown Nashville just off State Route 76 at Exit 108. Core5 will immediately break ground on the development of White House I-65 Business Center, a 309,960-square-foot state-of-the-art rear-load facility, offering excellent access to I-65, along with frontage on I-65. Delivery of the building is scheduled for March of 2024.
The configuration of the White House I-65 Business Center site offers outstanding flexibility, with the ability to accommodate users from 100,000 square feet up to the entire building. The proposed building will feature 36-foot clear ceiling height, an ESFR sprinkler system, and can accommodate on-site trailer parking for 49 trailers with 171 auto parking spaces.
“The State of Tennessee, Robertson County and the City of White House have created a pro-business environment that is both responsive and easy for prospective tenants seeking to do business in the area. We are excited to begin this project,” declares Rodney Davidson, Vice President Investments for Core5.
Jim Rodrigues and Brett Wallach with Lee & Associates will represent Core5 for leasing opportunities.
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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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By: Tom Bailey, Daily Memphian
An Atlanta firm that develops industrial real estate will “immediately” start building a 957,400-square-foot warehouse in its new industrial park at Miss. 302 and I-269 in Marshall County, Mississippi.
The cross-dock facility, “Building D,” will be the first of five buildings totaling 3 million square feet that Core5 Industrial Partners will erect on the 221 acres it acquired at the highway junction southeast of Memphis, according to a press release from the company.
The new industrial park is named I-269 Logistics Center. The first building is scheduled to be completed early next year, and can be expanded to 1.74 million square feet. The facility will feature 40-foot-tall, clear ceilings, which is the space a tenant can use to store products on racks. The facility will accommodate parking for 391 trailers and 597 automobiles.
Lisa Ward, senior vice president and managing director for Core5, said in a release, “Located at Highway 302 and I-269, the property provides outstanding highway visibility and access coupled with easy proximity to the Memphis rail line which is the third most-connected rail center in the world.
“Memphis is one of only three cities to have five Class I railroads — Norfolk Southern, BNSF, CN, Union Pacific, and CSX. This will be an ideal facility for e-commerce fulfillment,” Ward said.
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I-269 Logistics Center Building D Set to Immediately Break Ground on a 70-Acre Site
ATLANTA, MARCH 22, 2021 – Atlanta-based Core5 Industrial Partners announced the acquisition of 221 acres of fully entitled land located at Highway 302 and I-269 in Marshall County to develop I-269 Logistics Center, a five building industrial park totaling 3 million square feet. Core5 will immediately break ground on the development of I-269 Industrial Park Building D, a 957,400-square-foot state-of-the-art cross dock facility which is expandable to 1.74 million square feet. Delivery of the building is scheduled for the first quarter 2022. I-269 Logistics Center will provide an outstanding business environment in a park-like setting with access to a deep and talented labor pool from which to draw potential workforce.
The proposed building will be constructed to meet state-of-the-art standards, featuring 40-foot clear ceiling height and a six inch Ductilcrete slab. The building will accommodate trailer parking for over 391 trailers and 597 auto parking spaces. The site is in pro-business Marshall County and offers significant real and personal property tax exemptions for up to 10 years based on job creation and investment.
“Located at Highway 302 and I-269, the property provides outstanding highway visibility and access coupled with easy proximity to the Memphis rail line which is the third most-connected rail center in the world. Memphis is one of only three cities to have five Class I railroads – Norfolk Southern, BNSF, CN, Union Pacific, and CSX. This will be an ideal facility for e-commerce fulfillment,” states Lisa Ward, Senior Vice President and Managing Director for Core5.
“We are delighted that Core5 Industrial Partners has chosen to invest in Marshall County,” states Justin Hall, Executive Director with Marshall County Industrial Development Authority. “With our location and access to a qualified workforce, we know that I-269 Logistics Center will be a property in high demand. We look forward to working with the Core5 team to help recruit more great jobs in our community,” Mr. Hall added.
“The State of Mississippi, Marshall County and the City of Byhalia have created a pro-business environment that is both responsive and easy for prospective tenants seeking to do business in the area,” declares Rodney Davidson, Vice President Investments for Core5.
About Core5 Industrial Partners
Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Memphis, Nashville, Pennsylvania and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 26 million square feet since inception.
Immediate access to capital, coupled with the ability to financially support deals on their balance sheet without utilizing third party resources on most transactions, Core5 executes quickly without layers of bureaucratic, time-consuming processes. The company is privately held by 170-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with whom C5 leadership has sustained a 30+ year working relationship.
Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making.
For more information on Core5 Industrial Partners, visit www.c5ip.com.
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Construction Slated to Begin Immediately on Central 840 Logistics Center -- a 925,680-square-foot cross dock facility expandable up to 1.4 million square feet.
ATLANTA, January 12, 2021 – Core5 Industrial Partners, a new-to-Nashville developer and owner of industrial properties, has started construction on a 925,860-square foot cross dock building located along I-840 in Lebanon, just minutes from I-40. The building, Central 840 Logistics Center, is expandable to approximately 1.4 million square feet and offers generous parking for up to 3,018 auto spaces and 212 trailer storage locations. The building will be available Fall 2021. This logistics center is conveniently located just off Central Pike (Highway 109) making this the ideal location for access to on all major interstates in Nashville with access for local, regional, and national distribution.
The land acquisition marks Core5’s entry into the Nashville market. Core5 CEO Tim Gunter announces, “We are pleased to enter the Nashville market in what we believe is one of the finest development sites within the greater Nashville Industrial Market”. Tim Gunter, the former CEO of IDI, has overseen years of successful development in Nashville, and looks forward to continuing that success with the development of Central 840 Logistics Center.
“After an extensive review of potential development sites, it was clear that the location of Central 840 Logistics Center offered superior access not only to highway and logistics infrastructure but also to a large, qualified labor pool from which to attract the workforce. The two key factors considered by logistics operators is immediate access to transportation infrastructure and access to a qualified labor pool – Central 840 Logistics Center offers superior access to both,” said Lisa Ward, Senior Vice President and Managing Director of Core5.
“We are excited that Core5 Industrial Partners will be locating in Lebanon at Central Pike and SR 840 and we welcome them to our community,” Lebanon Mayor Rick Bell said. “Core5’s experience and commitment to a new Class-A building at this location will be a major investment in the city of Lebanon.”
Proventure’s Jeb Atkinson, Jess Anderson and Doug McDowell, who represented Core5 in purchasing the 89 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 Atkinson.
About Core5 Industrial Partners
Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Memphis, Nashville, Pennsylvania and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 26 million square feet since inception.
Immediate access to capital, coupled with the ability to financially support deals on their balance sheet without utilizing third party resources on most transactions, Core5 executes quickly without layers of bureaucratic, time-consuming processes. The company is privately held by 170-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with whom C5 leadership has sustained a 30+ year working relationship.
Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making. For more information on Core5 Industrial Partners, visit www.c5ip.com.
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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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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.
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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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