ATLANTA—Prologis just announced a 715,000-square-foot build-to-suit lease agreement in the Metro Atlanta area. Reckitt Benckiser, a multinational consumer goods company and producer of health, hygiene, and home products, will occupy the industrial development at Prologis Park I-85.
“The I-85 corridor is Atlanta's best-performing submarket, and land for large-scale development is increasingly scarce,” says Kent Mason, vice president and market officer for Prologis in Atlanta. “Class A space is in high demand in Atlanta, and we are well-positioned to provide the best solutions for our customers.”
Prologis Park I-85 features cross dock capability and 36-foot clear height and has a build-out potential of over 3 million square feet. Located one hour north of Downtown Atlanta in the Interstate 85 corridor near two interchanges, the industrial facility will serve the metro Atlanta area and Southeastern US.
The build-to-suit industrial project will be completed in the third quarter of 2015. Prologis currently owns and operates more than 14.6 million square feet in 120 buildings in the Atlanta market.
Prologis has been active this year. Prologis recently sold a 21-building, 56-acre industrial park to Facebook. The firm also sold a warehouse to Exeter.
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