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The first four-building, 437,760-sf phase of Interstate South Industrial Park is open after only 98 days of construction on a 117-acre tract. The estimated hard cost: $21.8 million.

A second, 428,000-sf structure is under construction and scheduled for completion in October.

Panattoni Development Co. plans eight million sf of warehouse/distribution space at the 413-acre site in Henry County, just south of Downtown Atlanta. Area rents average $6 psf to $8 psf.

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