Trammell Crow Co. is looking to build a new $80M industrial park off the shores of Lake Lanier.
Site location for Trammell Crow Co.’s planned industrial park just south of Lake Lanier.
The developer has applied with the Georgia Department of Community Affairs to develop Buford Creek Business Center, a six-building, single-story warehouse complex totaling 747K SF. The project would rise on a wooded lot at the corner of Big Creek Road and Lanier Islands Parkway, just south of Big Creek Park and the lake itself, according to the application.
The project is projected to complete by March 2026 and generate $400K in annual taxes to the local government, according to the application. Officials with Trammell Crow in Atlanta declined to comment.
The Atlanta industrial market is seeing a historic level of new supply. At the end of 2023, developers were under construction on more than 20M SF across the metro, according to CBRE. At the same time, leasing activity and absorption have slowed.
That said, the Northeast/Interstate 85 submarket, where Buford Creek Business Center will be located, posted some of the strongest absorption numbers in the metro area last year, clocking in 2M SF with another 5.5M SF under construction, according to CBRE’s year-end report.
DEVELOPMENT
Doowon Climate Control America Inc. plans to invest $30M in a new manufacturing facility in Metter, Georgia, some 60 miles northwest of Savannah, Gov. Brian Kemp announced Tuesday. Doowon, based in Korea, makes automotive climate control systems and will be a supplier for the Kia Motors and Hyundai Motor Group plants.
The facility is set to be located in…
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