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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February 22, 2019 - Core5 Industrial Partners sold a 581,475-square-foot warehouse at the 173-acre Desoto 55 Logistics Center in Horn Lake, Mississippi, to O'Reilly Automotive Stores for an undisclosed price. The Class A, single-story structure at 1241 Commerce Drive comprises 113 loading docks, four drive-in bays, 56- by 50-foot column spacing and a 36-foot clear ceiling height. Developed by the seller in2018, the 4-Star property is less than six miles from Memphis International Airport. Core5 plans to develop three final buildings totaling 1.5 million square feet at Desoto 55 Logistics Center. The facilities are slated to deliver in the last quarter of 2019. Core5’s Senior Vice President and Managing Director Lisa Ward said in a statement, “The two key factors considered by logistics operators is immediate access to transportation infrastructure and access to a qualified labor pool. DeSoto 55 Logistics Center offers unparalleled access to both.”
Headquartered in Atlanta, Core5 has developed 10 million square feet of commercial space since its launch in 2015, according to its website. The firm plans to develop an additional 10 million square feet in 2019. Daniel Wilkinson and Allen Wilkinson at Colliers International, along with Brad Kornegay at Colliers Management Services, represented the seller, and will continue to handle marketing and leasing for DeSoto 55 Logistics Center. Elliot Embry with NAI Saig represented the buyer in the transaction.
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