Atlanta, October 21, 2014 – Ridgeline Property Group (RPG) and Hillwood Investment Properties (Hillwood), two leading commercial real estate development firms in the U.S., announced today their intent to jointly develop a 1,074,596-square-foot distribution building in Braselton, GA., in the I-85/Northeast submarket of Atlanta.
The facility will offer the largest block of Class “A” distribution space available in the Southeast U.S. A groundbreaking will take place November 1, 2014 and the building is scheduled to be completed in second-quarter 2015. Colliers International Atlanta has been selected to market the property for lease.
“We’re pleased to announce this partnership to develop the Braselton Commerce Center. Ridgeline and Hillwood are very strategic and selective in the projects they choose to develop and both groups have successful track records of developing big-box industrial buildings across the U.S., including Georgia,” said Mike Gray, President of RPG. “The improving economy continues to create heightened demand for quality industrial space, and we believe this is an appropriate time to develop a big-box, modern distribution center in this location.”
Located off of State Route 124, the distribution center site is less than one mile from the I-85/Hwy 53 interchange in Braselton. The distribution facility’s modern design will provide maximum efficiency for large-scale distribution operations. Design features include 36-foot clear heights, 56-foot-wide bay spacing, all concrete truck courts, ESFR fire suppression and high-capacity trailer parking (243 trailer spaces, expandable to 466).
“The I-85/Northeast submarket offers a strategic distribution location providing access to large population centers across the Southeast U.S., but large blocks of distribution space in this corridor are extremely scarce. In fact, there is currently no space of more than 500,000 square feet available in this submarket,” said Chris Brown, Senior Vice President of Hillwood Investment Properties. “This project will meet the need for big-box space while creating significant economic development benefits for the town of Braselton and Jackson County, including hundreds of construction, warehouse and office jobs.”
Ridgeline Property Group’s Principals and Hillwood Investment Properties have developed numerous distribution buildings in Georgia. Ridgeline’s Principals have completed projects in Georgia that include the Whirlpool Corporation distribution building (1,504,800 SF) in McDonough, GA.; A Consumer Products distribution building (900,640 SF) in McDonough, GA.; and the Southwire Corp. distribution building (399,500 SF) in Villa Rica, GA. Hillwood’s projects in Georgia include Jackson 85 Distribution Center Building 2 (1,004,400 SF) in Pendergrass, GA.; Commerce 85 Distribution Center (962,280 SF) in Commerce, GA.; and Jonesboro Commerce Center (499,960 SF) in Jonesboro, GA.
“We’re honored to be selected to market this property for lease on behalf of Ridgeline and Hillwood,” said Bob Mathews, President and CEO of Colliers International Atlanta. “This building will provide the most efficient and well-designed space for modern distribution operations and our brokerage team looks forward to leveraging their extensive experience and comprehensive marketing platform to lease up this space.”
About Ridgeline Property Group
Ridgeline Property Group (“RPG”), headquartered in Atlanta, is a privately held, commercial development and investment firm that operates throughout the United States. The company’s leadership team has over 100 years of combined experience in the commercial real estate industry and has developed in excess of 100 million square feet of industrial and office space. RPG serves as a capital deployment vehicle and a third-party operator for investors and users focused on investment-grade development and acquisition opportunities. Through its strategic relationships with both private and institutional debt and equity, the firm focuses on speculative and build-to-suit development, “value-add” acquisition projects as well as third party asset and development management opportunities. For additional information, please contact www.ridgelinepg.com.
About Hillwood Investment Properties
Hillwood Investment Properties, a Perot Company, is one of the world’s premier commercial real estate developers, investors and advisors of high-quality real estate projects that provide a significant economic impact to their region. The company was created in 1998 as a vehicle for Hillwood to develop and acquire industrial properties in locations other than AllianceTexas, its flagship project in North Fort Worth. Today, Hillwood Investment Properties is actively involved in development, acquisitions, construction, leasing and property management of premier industrial properties throughout the United States and Europe. For additional information, please contact www.hillwoodinvestmentproperties.com or www.hillwood.com.