X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Spotting a niche at Hartsfield International Airport, locally based OA Development Co. is rushing to complete a 96,000-sf spec business/distribution center near Interstate 75 at Forest Park’s Old Dixie Road/Forest Parkway intersection in the strong South Atlanta/Airport industrial submarket.

The project is tentatively scheduled to open in September at an estimated hard construction cost of $7.2 million or about $75 per sf, area construction industry estimators tell GlobeSt.com. OA Development officials couldn’t be reached to learn cost details.

Rents will be in the $4.75 per sf to $5.26 per sf range depending on the volume of space leased and percentage of the buildout. The project will offer 30 dock-high doors, a 24-foot minimum clear ceiling height and build-to-suit offices.

Rick Tumlin, director, industrial properties, Advantis Real Estate Services, Atlanta, is marketing the venture. He feels the project will cater to air freight forwarders, distribution companies “and other users that will be displaced by the fifth runway at Hartsfield,” he tells GlobeSt.com.

Nearby competition will come from AMB/Seefried’s 700,000-sf Southfield Corporate Center; Ellis-Davis’s 171,000-sf Airlogistics park; and Seefried’s 102,000-sf Airport South center.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.