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California Investor Buys Sun Belt Industrial Portfolio Partly Leased to Amazon

A Southern California investor has acquired a package of three newly constructed net-leased industrial buildings in the Sun Belt, two of which are leased to online retail giant Amazon. Preylock Holdings of Los Angeles paid $166.7 million, or nearly $76 per square foot, for the 2.2 million-square-foot portfolio. The portfolio includes Crossroads Business Center, a 1 million-square-foot distribution center at 5705 Campbellton Fairburn Road in Union City, Georgia, near Atlanta. (more…)
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Core5 Industrial Partners Announces 925,680-Square-Foot Building in Lebanon, Tennessee

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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NAIOP Award of Excellence Winner: Industrial Development of the Year!

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. VIEW VIDEO
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Core5 Industrial Partners Announces 973,218-Square-Foot Building in Northwest Atlanta

Great Valley Commerce Center Set to Immediately Break Ground on 87-Acre Site in Bartow County located in the Northwest industrial submarket of Metro Atlanta, Georgia ATLANTA, December 2, 2020 – Atlanta-based Core5 Industrial Partners has closed on an 89-acre, fully entitled industrial site at Exit 296 in the Northwest industrial submarket. Core5 will immediately break ground on the development of Great Valley Commerce Center, a 973,218-square-foot state-of-the-art cross dock facility. Delivery of the building is scheduled for the fourth quarter 2021.
The configuration of the Great Valley Commerce Center site offers outstanding flexibility making the development ideal for either e-commerce or distribution users. The proposed building will feature 40-foot clear ceiling height and can accommodate trailer parking for over 220 trailers with 500 auto parking spaces. The site is in pro-business Bartow County, one of the strongest labor markets in Georgia with a population of more than 1 million people within a 45-minute drive.
“With great access to I-75 and less than 50 miles to the Appalachian Regional Port (Inland Port) which provides direct rail service to the Port of Savannah, Great Valley Commerce Center is ideal for local, regional and national distribution. The property provides outstanding access with easy proximity to Metro Atlanta’s population base. This will be an ideal facility for e-commerce fulfillment,” states Lisa Ward, Senior Vice President and Managing Director for Core5.
“We continue to see significant demand from large-scale users in the metro area and we feel the I-75/Northwest corridor will prove to be an excellent location for tenants/occupiers looking for access to a superior labor pool,” continues Ward.
"We are appreciative that Core5 Industrial Partners has chosen to invest in our community," said Bartow County Sole Commissioner Steve Taylor.  "With Bartow's strong business climate, talented workforce, and location advantages, we are confident that Core5's Great Valley Commerce Center will be in high demand."
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.
Contact: Lisa Ward Core5 Industrial Partners 404-262-5430 lward@c5ip.com

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Core5 Industrial Partners announces 772,000-square-foot building in Elsmere, KY available Q3 2021

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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Core5 Industrial Partners Starts 1 Million-Square-Foot Bourbon Trail Logistics Center

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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