The project is tentatively scheduled to open in September at an estimated hard construction cost of $7.2 million or about $75 per sf, area construction industry estimators tell GlobeSt.com. OA Development officials couldn't be reached to learn cost details.
Rents will be in the $4.75 per sf to $5.26 per sf range depending on the volume of space leased and percentage of the buildout. The project will offer 30 dock-high doors, a 24-foot minimum clear ceiling height and build-to-suit offices.
Rick Tumlin, director, industrial properties, Advantis Real Estate Services, Atlanta, is marketing the venture. He feels the project will cater to air freight forwarders, distribution companies "and other users that will be displaced by the fifth runway at Hartsfield," he tells GlobeSt.com.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.