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Daewoo USA Picks Gwinnett County for Distribution Site

ATLANTA-The auto maker signed a seven-year lease for 132,000 sf in Suwanee Creek's Building 300 and plans to move in by the end of the year. The lease's estimated value is $9.4 million. Seefried Properties is developing the building.

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ATLANTA-Daewoo USA, the US operations of South Korea’s Daewoo Motor Co., plans to move into its new 132,000-sf Southeast auto parts distribution center in Suwanee Creek’s Building 300 by year end.

The seven-year lease has an estimated value of $9.4 million. Area industrial rents are $8.75 per sf triple net to $11.75 per sf.

The I-85 northeast corridor is a hot market for warehouse and distribution space. Demand has spurred development of industrial facilities. The Daewoo lease and strong leasing activity in the northeast metro market has motivated Seefried to begin a new 235,000-sf building in the Suwanee Creek industrial park. Occupancy is targeted for early 2001.

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