Speculative Industrial Developer Has 66±-Acres of Land in Acquired in Georgia with 6,669,817 square feet of projects under some form of development in Southeast

Buford, GA – McCraney Property Company, a leading private real estate investment firm focused on the acquisition, development, and management of industrial properties in the Southeast region, has closed on the land acquisition of 44.32±-acres at the intersection of Georgia State Route 13 (also known as the Atlanta Highway) and Lanier Islands Parkway in Buford, Ga. McCraney Property Company will develop “985 Lanier Logistics” on the site, a new 612,572-square-foot speculative industrial park which brings the firm’s active speculative industrial projects under some form of development in Florida, Georgia, South Carolina, and North Carolina to 6,669,817 square feet.

“Based on market drivers such as e-commerce, last mile delivery and infill development, I believe that the industrial market is poised for 20 years of outsized growth,” said Steven McCraney, President & CEO of McCraney Property Company. “This momentum is due in part to technological advances in warehouse operations, the continued boom of e-commerce, and the advancements of autonomous vehicles, all aimed at getting product to consumers quicker. Combined with statistics that paint the picture of healthy operational fundamentals in the industrial market – vacancy remains steady at lowest levels since first quarter 2001, and net absorption has experienced 31 consecutive quarters of positive demand as of quarter four 2017 – the future of industrial is now.”

The McCraney Property Company team of tenured executives proficient in strategic land acquisitions and development together view “industrial as the new retail.” The company’s design approach to the exterior of the buildings is reflective of this, visually more similar to a retail storefront than a typical industrial park. 985 Lanier Logistics will be part of this unique design approach, comprised of three Class A industrial buildings providing easy access to major Interstate 985 and Interstate 85 for tenants ranging in size from 25,000 to 236,000 square feet:

  • Building 100 – 209, 252 square feet
  • Building 200 – 167,080 square feet
  • Building 300 – 236,240 square feet

With groundbreaking anticipated for mid-April, each building will incorporate McCraney Property Company’s signature clean facades and high-finish benchmark-setting warehouse design, which includes 30 to 32-foot clear height, 38 to 42 dock high doors, and a total of 160 tractor-trailer stalls. The park’s design will target quality end-users requiring freight forwarding, third-party logistics (3PL), and fulfillment needs while also seeking a location that evokes a sense of community.  

For more than 28 years, McCraney Property Company has been recognized as a responsive customer service-oriented team passionately focused on executing best-in-class industrial product. “Record absorption, historically low vacancy rates and rising sales activity in the Atlanta industrial market is creating unprecedented industrial demand,” continued McCraney. “For several years, I’ve had my eye looking due north to untapped markets in Atlanta, Savannah, and Charlotte scouting new areas for ‘hubs’ and ‘spokes’ throughout the Southeast. Our recent acquisition history in the Southeast is a reflection of that due diligence, and now we can actively develop ahead of – and to the needs of – today’s market, proceeding as a leading contributor of speculative industrial product to a growing sector.”

Bilijack R. Bell, Partner with Wilson, Hull & Neal, represented McCraney Property Company in this transaction, while Frank N. Simpson, CCIM SIOR, founder and president of The Simpson Company of Georgia, Inc., represented the seller, Northeast Georgia Health System, Inc.