CRG Announces The Cubes at Bridgeport in Atlanta's South I-85 Industrial Submarket
First phase of the 560-acre mega-site includes 1 million square foot speculative building, 611,050 square foot pad
ATLANTA, July 17, 2018 /PRNewswire/ -- CRG, in partnership with Pope & Land Enterprises, Inc., is developing The Cubes at Bridgeport, a 560-acre industrial mega-site with 8.5 million square feet of planned industrial space in the Southwest Atlanta submarket.
Located in Coweta County, the Bridgeport development is strategically located on the I-85 interchange at exit 41 and near major transportation systems, including both CSX and Norfolk Southern railroads, Hartsfield-Jackson Atlanta International and Newnan-Coweta County Airport, a 5,600 square foot regional airport.
In a joint venture with institutional capital, the first phase of the development includes a 1,002,150 square foot speculative building with 40' clear height, ample trailer storage and car parks associated with the new state-of-the-art distribution theme, capable of handling high-cube warehousing, e-commerce and manufacturing requirements. In total, Bridgeport can accommodate building sizes exceeding 2 million square feet.
"The I-85 South corridor continues to be the most vibrant and active industrial area of Atlanta. There is over 200 million square feet of industrial base in the region," CRG Southeast Region Vice President Mike Demperio said. "Top companies in the U.S. such as Google, Proctor & Gamble, Clorox, Lowes, and Kellogg's have new 1 million square foot facilities in the area. Access to I-85, CSX Intermodal Yard, and the Atlanta Airport have been key ingredients to these business's success."
"We are proud of our partnership with CRG on such an important development to the area. We look forward to working with future tenants to provide quality jobs and a strong community for the people of Coweta County," President of the Coweta County Development Authority Trae Westmoreland said. "Coweta County is a recognized leader in developing the talent and workforce a company needs. We're geographically located to help companies attract workers from throughout the Georgia and Alabama region."
The first phase also includes major infrastructure improvements such as ramp upgrades, a new signalized intersection on Highway 29, a public parkway and overpass above the CSX main line providing access to the development as well as water, two miles of new sanitary sewer, and electric utility improvements.
Clayco is the design-builder and its subsidiary, BatesForum, is the architect on the project. Construction on the 1,002,150 square foot building will be complete December 2018. JLL's Chris Tomasulo and Steve Grable have been chosen as the marketing team for the project.
As the industry begins to measure cubic feet and maximize racking space, CRG's "The Cubes" industrial brand is a commitment to meet the tremendous demand in the speculative warehouse market. E-commerce is driving business at CRG as demands to meet tenant's modern consumer centric needs continue to increase. With most of today's existing inventory obsolete, CRG is anticipating the needs of next generation of industrial users.
The Cubes at Bridgeport is CRG's sixth industrial park. In the Southeast region, CRG developed The Cubes at Locust Grove, a 1 million square foot distribution center in the Atlanta suburb of Locust Grove. The Cubes at Inland 85, a 324-acre site in the Greenville, South Carolina market will include 500,280 square foot speculative building expandable to 1,186,680 square feet and is currently under development.
For leasing information, visit the CRG website.
About CRG
CRG is Clayco's private real estate development firm that acquires, develops, and operates real estate assets. Headquartered in St. Louis, Missouri with offices in Chicago, Sacramento, Atlanta, Pittsburgh and northern New Jersey, the CRG team has developed more than 5,000 acres of land and delivered over 160 million square feet of commercial, industrial, and multi-family assets exceeding $9 billion in value. For more information visit www.realcrg.com.
About The Cubes
The Cubes industrial brand is owned and developed by CRG. The Cubes represents CRG's philosophy of developing for the demands of next generation industrial users. The Cubes are designed with an emphasis on sustainability and state-of-the-art building specifications with consumer centric logistics strategies. With the end user always in mind, The Cubes offer superior access to logistics networks and strong, qualified labor supplies.
About Clayco
Clayco is a full-service, turnkey real estate development, master planning, architecture, engineering and construction firm that delivers clients across North America the highest quality solutions on time, on budget, and above and beyond expectations. With over $2 billion in revenue for 2017, Clayco specializes in the "art and science of building," providing fast track, efficient solutions for industrial, commercial, institutional and residential related building projects. For more information visit www.claycorp.com.
About Pope and Land
Pope & Land Enterprises, Inc. specializes in developing mixed-use properties in the Southeastern United States. Headquartered in Atlanta, Pope & Land has enhanced the city's landscape by developing some of its best-known properties. Founded in 1979, Pope & Land develops projects through various subsidiaries and partnerships of its principals, as well as an owner singularly and in joint venture with other principals and financial institutions. Pope & Land has raised and invested billions of dollars in commercial real estate, with more than $1 billion invested over the past decade alone. The company has managed the development or disposition of thousands of acres of land, acquired, developed and managed more than 5,000,000 SF of prime office space, and worded with developers across the Southeast on multiple, complicated mixed-use projects.
Media Contact
Mike Demperio, CRG
[email protected]
314-770-2280
Brittany Burke, CRG
[email protected]
314-239-5779
SOURCE CRG
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