Ashley Capital Continues to Expand Its Industrial Portfolio in the Atlanta Metro Area
Ashley Capital’s presence in the Atlanta industrial real estate market continues to expand. With the recently completed and fully leased Georgia North Logistics Park Building 2 and Conyers Logistics Center, Ashley’s Atlanta portfolio now exceeds 3.1 million square feet.
Georgia North Logistics Park – Warehouse Construction Update
Georgia North Logistics Park is strategically located in the Northwest Industrial Atlanta submarket, also known as the “Carpet Capital of the World.” This state-of-the-art industrial park is within the growth corridor, 60 miles northwest of Downtown Atlanta and 60 miles southeast of Chattanooga, Tennessee. The immediate access to I-75 is ideal; it provides tenants with reduced transportation costs and excellent visibility.
When complete, this Adairsville, GA industrial park will consist of 3,200,000 SF, developed in four phases:
1) Georgia North Logistics Center 1 consists of 74 acres of land and a 1,000,000 SF proposed building.
2) Georgia North Logistics Center 2, a 766,000 SF building, was completed in January 2020. GNLC is fully leased to Ball Metal Container and LG Hausy.
3) Georgia North Logistics Center 3 consists of a 64-acre lot and an 880,000 SF proposed building.
4) Georgia North Logistics Center 4 includes a 31-acre parcel and a 500,000 SF building that is expected to be completed in late 2021.
Conyers Logistics Center – Atlanta Industrial Lease Update
In October, Ashley Capital completed construction and achieved one hundred percent occupancy at Conyers Logistics Center (“CLC”), a 450,000 SF speculative building in Conyers, GA. CLC was built on a 47-acre parcel on Gees Mill Road, just off of I-20. A global Fortune 500 off-price apparel and home fashion retailer leased the entire space in late December.