Clayton Technology Center, a Class A industrial distribution facility is set to go up in Ellenwood, Georgia. Recently, Transwestern Investment Group (TIG) purchased a 29.1 property in Ellenwood to build the industrial project. TIG also partnered with Transwestern Development Company(TDC) on the industrial project.
TIG’s Director of Acquisitions, Chris Sterling, said his company was pleased with the land acquisition for the Clayton Technology Center project. Especially since the infill location will provide future tenants with much-needed industrial space in a land-constrained market. He also said the land acquisition is part of their strategy to build assets for logistics markets across the U.S.
The Clayton Technology Center project was designed as a 265,775-square-foot distribution centre which will be developed on Highway 42. Therefore the project’s location offers access to Interstates 675, 75 and 285, and it’s approximately 10 miles from Hartsfield-Jackson International Airport.
According to TDC’s VP, Jack Chapman, this is a premier location with excellent transportation and accessibility to labour. Chapman also said the industrial facility would attract forward-thinking companies due to its modern warehouse features and location.
Development plans for the Clayton Technology Center
Clayton Technology Center will feature 26 feet clear heights, 60 dock doors, 37 trailer parking spaces and 245 vehicle parking lots. ESFR sprinkler systems will also be available on the property. The developers intend to commence construction work by Q4 2023, and the delivery date is set for Q3 2024. The general contractor enlisted for the project is Conlan Company. While CBRE’s Todd Barton and Joanna Blaesing will handle the leasing arrangements.
TIG made the land purchase for the Clayton Technology Center project through its Transwestern Strategic Partners (TSP) Fund III. Thus far, the TSP Fund III is the developer’s biggest fundraiser, which generated $325 million in commitments. According to the developer, the funds will be used for value-added development and investment opportunities.
Besides Clayton Technology Center, TIG is already making plans for a five-building light industrial park spanning 700,000 Square feet. Its location will be about six miles away from its latest industrial distribution centre project.