(FLOWERY BRANCH, GA) – Hines, the global real estate firm, today announced the start of construction on Thurmon Tanner Logistics, a state-of-the-art industrial park comprised of three buildings in Flowery Branch, Georgia, a fast-growing submarket outside of Atlanta.
Construction will begin with Building A, a 445,000-square-foot rear-load building with 36-foot clear heights. Building B and C will commence construction in Q2 2022 and will be over 265,000 and 110,000 square feet respectively, both buildings will be rear-load configuration and will have clear heights of 32 feet. Despite the smaller building footprint, Building B and C will have above standard trailer parking, sharing a total of 98 trailer stalls. Once complete, the overall project will consist of three buildings with over 825,000 square feet of class-A industrial warehouse built to latest and most modern building specifications. Given its easy access to I-985, strategic location, and proximity to Atlanta; Thurmon Tanner Logistics will be highly sought after by tenants looking to service the needs of Atlanta as well as the Carolinas.
“With this new development, we can bring a high-quality industrial offerings to the largest industrial submarket in Atlanta,” shared Ryan Wood, managing director at Hines. “This impressive market is experiencing strong growth within the industrial sector, and we look forward to delivering a best-in-class asset to the area to meet the region’s distribution needs.”
Construction on Building A is expected to be completed in Q4 of 2022. Hines has selected NAI to serve as leasing agent. The Project is being constructed by Ordner Construction Company. Hines has selected NAI to serve as leasing agent.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 285 cities in 28 countries. Hines oversees investment assets under management totaling approximately $90.3 billion¹. In addition, Hines provides third-party property-level services to 373 properties totaling 114.2 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,530 properties, totaling over 511 million square feet. The firm currently has more than 198 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world. Visit http://www.hines.com for more information.
¹Includes both the global Hines organization as well as RIA AUM as of December 31, 2021.