TCC and Clarion Partners Acquire Land for Jefferson Mill Business Park's Final Phase
The joint venture has assembled approximately 232 acres in three phases for a state-of-the-art class A industrial park.
JEFFERSON, GA—Trammell Crow Company and its joint venture partner, Clarion Partners, have acquired 109.7 acres for the third phase of Jefferson Mill Business Park. The acquisition represents an assemblage of seven different properties and held by seven distinct owners. TCC and Clarion are marketing Phase III as a build-to-suit, cross-dock distribution facility that can provide tenants between 1.1-and-1.5 million square feet of space.
“With Atlanta’s growing population base, major interstates, proximity to the world’s busiest airport, and our site’s attributes, our project is well-positioned to benefit from the continued e-commerce surge in Atlanta,” says Mark Dishaw, principal with TCC’s Atlanta business unit. “We have experienced tremendous success with our first two phases and look forward to delivering the third phase with Clarion.”
Located in Jefferson, GA, Jefferson Mill Business Park is within the I-85 Northeast Market, one of the largest industrial markets in metro Atlanta. Only one mile from I-85 Exit 137, the Phase III site is located across Hog Mountain Road from Phases I and II and features desirable frontage along I-85, along with the ability to accommodate more than 1.5 million square feet, more than 500 trailer spaces and more than 1,000 auto parking spaces. Altogether, Phases I, II, and III comprise approximately 232 acres of land and up to 2.7 million square feet of industrial space.
“We are excited about this acquisition and the ability to expand upon the success of the first two phases at Jefferson Mill Business Park with our partner, TCC,” says Clarion Partners senior vice president Tom Flanigan. “The proximity to I-85, flexible building design and best-in-class specifications will allow us to see a diverse mix of tenant requirements.”
Price Weaver and Ben Logue with Colliers International represented TCC and Clarion Partners in the transaction. Matt McCord with Norton Commercial, Grant Whitworth with Whitworth Land Corporation and Kim Bowman with Keller Williams represented the various sellers.