Indianapolis-based Scannell Properties has completed the acquisition of 80 acres in Locust Grove, Georgia, for Phase II of Gardner Logistics Park, a Class A industrial park that could total more than 3 million square feet upon completion. The company expects to break ground by the end of July.
“We’re excited to work with Cushman & Wakefield on our development of the Gardner Logistics Park,” said Scannell Development Associate Zachary Zweifler. “This is a great opportunity to support Locust Grove’s growth today in the Atlanta market.”
James Phillpott, Lisa Pittman and Helen Cauthen of Cushman & Wakefield oversee leasing for the property. Scannell is pursuing multiple build-to-suit sites and opportunities as well as speculative development on a phased basis.
“The activity and success at Phase I have been based on Scannell Properties delivering a first-class industrial park and continued growth and optimism in the industrial sector,” Phillpott said. “Additionally, Mayor Price and the staff at The City of Locust Grove coupled with the Henry County Development Authority have been phenomenal to work with, Henry County continues to be one of the best places to locate a business in the state.”
Located on Highway 42, the park offers a prime location with easy ingress and egress and access to Interstate 75.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
About Scannell Properties
Founded 30 years ago, Scannell Properties is a privately held real estate development and investment company that focuses on build-to-suit and speculative development of industrial, office, government, and multi-family facilities throughout the U.S. and Canada. Since its inception in 1990, Scannell has completed over 300 development projects totaling 63 million SF in 44 states and 3 Canadian provinces. In 2018, Scannell expanded their industrial development operations into Europe with an office in London, focusing on the core markets of France, Germany, Italy, the Netherlands, Spain and the U.K. The value of all their projects is estimated at over $5 Billion. www.scannellproperties.com or follow on twitter.