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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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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Construction Slated to Begin Immediately on the initial two buildings of the new business park, Desoto 55 Logistics Center, which will include a 583,000 SF cross-dock facility expandable up to 1.5MSF and a 301,000 SF rear-load building, both of which will deliver in Fall 2017.
ATLANTA, March 22, 2017 – Atlanta-based Core5 Industrial Partners announced the acquisition of 173-acre fully of entitled land located at US Highway 51, in DeSoto County along the I-55/I-69 corridor to develop a 2.5 MSF business and logistics park named Desoto 55 Logistics Center. Core5 will immediately begin construction on 883,720 square feet of Class-A office/warehouse space in two buildings: a 582,400-square-foot facility which is expandable to 1.5 MSF and a 301,320-square-foot rear-load building, which will offer higher office build-out capability. Both buildings will offer speculative space for delivery in Fall 2017. DeSoto 55 Logistics Center will provide an outstanding business environment in a park-like setting with close proximity to the I-55 transportation corridor and a deep and qualified labor pool from which to draw potential workforce. Other key attributes of DeSoto 55 Logistics Center are the pro-business environment of both DeSoto County and the City of Horn Lake, MS coupled with the flexibility of building designs offering space for companies desiring 85,000 SF to over 1.5MSF. At full build-out, anticipated by the end of 2019, DeSoto 55 Logistic Center will accommodate over 2.5 MSF in up to five separate buildings.
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