Hartsfield Bulldozing 3.4 Million SF of Industrial

ATLANTA-The airport's new $5.4 billion, 10-year expansion will level six centers and cut into six others in the path of a planned fifth runway. That's good news for developers who will be called upon to replace 3.4 million sf of crunched assets.

By Judith Schonbak | Updated on August 09, 2000

Hartsfield Atlanta International Airport is expanding again in a move that will affect 3.4 million sf of industrial property. The airport is poised to begin a $5.4 billion, 10-year expansion program. There is good news and bad news about this project.

The bad news is that more than 3.4 million sf is going down. At least six industrial centers will be paved over for the planned fifth runway. Another six centers will be adversely affected, according to a recent survey by Ellis Daws Properties Inc. Most of the companies in the development’s path are cargo-related.

The good news is that landlords will be calling on developers to replace the demolished 3.4 million sf in a hurry. The airport pumps $14.8 billion a year into the north Georgia region economy. Hartsfield is ranked as the world’s busiest airport in passenger traffic and 21st in cargo tonnage.

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