Lincoln Property Company Southeast (Lincoln) has announced the groundbreaking for Calhoun 75 Commerce Center, a forthcoming Class-A distribution facility in Calhoun, Georgia. Lincoln’s Denton Shamburger, Turner Fortin and Colin Beecham will oversee the construction, marketing and leasing of the building, which is set to deliver in fall 2023.
Calhoun 75 Commerce Center sits on Belwood Road in Gordon County, just a half-mile from I-75 and 50 miles from both Chattanooga and I-285. The 404,000-square-foot development will be front loaded and will feature 36-foot clear heights, 67 dock-high doors, 74 trailer parking spaces and 278 auto parking spaces with the ability to expand to add more auto/trailer parking stalls. It will also offer convenient tenant amenities including an outdoor grill and lounge area as well as an additional 1.2 acres of land available for excess parking.
“We’re pleased with how smooth the development process has been thus far, from the initial planning phase to moving dirt on site,” said Lincoln’s Fortin. “While the I-75 North corridor is a thriving industrial submarket, it still has a significant amount of untapped potential and with the challenging environment for development today, the City of Calhoun has proven to be a valuable partner in ensuring this project breaks ground smoothly. This state-of-the-art building will continue to fulfill the need for high-quality industrial product as more users look to play into the area’s impressive growth story.”
Northwest Atlanta has been one of the most competitive submarkets for industrial development in the state over the past few years due to its strong labor pool and close access to Metro Atlanta and other large Southeastern cities. Demand for warehouse and distribution space in the region continues to intensify as e-commerce grows, and Metro Atlanta stands out as a top industrial market because of its robust interstate system, business friendly reputation and proximity to the busiest airport in the country.
According to a report from Lincoln, Northwest Atlanta saw a strong Q2 2022 with positive absorption of 1,520,339 square feet, its second most successful quarter of all time for absorption behind only Q4 2021. Since the end of 2021, there has been over 5.8 million square feet of new development completed in the area, and leasing momentum remains promising heading into the last quarter of 2022.
About Lincoln Property Company
Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, with over 8,550 employees and an international footprint that includes offices in 450 cities across the United States and two offices in Europe. Since its inception in 1965, Lincoln has developed over 239 million square feet of office, industrial, and retail projects as well as 216,000 apartment units. Stemming from its development and ownership background, Lincoln’s operating platform seamlessly integrates its various service lines, provides for consistent and measurable performance and utilizes cutting-edge technology over its 400+ million square feet of leased and managed assets. For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com0
