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News
February 16, 2022
Rendering of Conyers, Georgia, distribution center. (Dayton Street Partners)
Dayton Street Partners is underway on a speculative distribution center it is betting will attract logistics users looking to capitalize on the Atlanta area’s robust supply chain infrastructure and dense concentration of customers.
The Chicago firm broke ground on its 212,232-square-foot project at 2020 East Park Road in Conyers, a suburb about 25 miles east of Atlanta. The groundbreaking follows DSP’s 23-acre assemblage located along East Park Drive NE and Sigman Round NE and about 3 miles from Interstate 20.
The property should appeal to a variety of users particularly in the distribution, manufacturing and logistics industries, Joe Moriarty, director of acquisitions at DSP, said in a release. Industrial demand has been off the charts in Atlanta as industrial users look to expand their logistics networks in this super regional distribution hub.
Despite a strong speculative supply pipeline, demand has consistently outpaced new completions over the past few quarters. So though speculative development will put some upward pressure on Atlanta’s industrial vacancy rate in the near term, owners have plenty of breathing room before Atlanta industrial vacancies come even close to the area’s pre-pandemic average.
“We are in an excellent position to capitalize on the incredible demand for logistics related properties,” DSP Principal Michael Schack said in a release.
The development is slated to include a 32-foot clear height, 41 trailer and 203 auto stalls with separate access for cars and trucks, and a 185-foot truck court. Construction on the project is expected to wrap up in July.