Avison Young, a global real estate advisory firm, has arranged the sale of ±66.75 acres of land near the new Northeast Georgia Inland Port on behalf of the buyer, Alliance Industrial Company, for the development of two speculative industrial buildings totaling 540,408-square-feet (SF). Building 100 will be 113,536 SF and Building 200 will be 426,872 SF. The park will be named Alliance 985 Business Park.
Avison Young’s Chris Hoag, CCIM; Jason Holland, CCIM; and Andrew Joyner, CCIM arranged the transaction on behalf of Alliance and have been tapped to handle leasing. One of the four parcels of land was represented by Stephen Lovett and Zach Tibbs of Norton Commercial.
“Ideally situated near the new inland port and I-85, this development will attract top-tier logistics and manufacturing users to continue fueling Georgia’s growth as a hub for industrial operators,” said Hoag. “Given Georgia’s industrial development pipeline has cooled significantly since 2022, Alliance is well positioned for strong leasing activity.”
“We are excited to establish a strong presence in the I-985 submarket with our largest project to date in the Southeast,” said Frank Fallon, Jr., Managing Director for Alliance Industrial’s Southeast region. “Alliance looks forward to delivering a best-in-class business park that will attract best-in-class tenants.”