February 10, 2020 Comments Off on JLL Secures Equity Partnership for Development of 1.5M-SF Newnan Distribution Center Views: 558 Atlanta Metro, Atlanta News, Top Atlanta

JLL Secures Equity Partnership for Development of 1.5M-SF Newnan Distribution Center

JLL has arranged an equity partnership for the development of a build-to-suit Goodyear Distribution Center, a 1.5-million-square-foot warehouse and distribution center in the suburban Atlanta community of Newnan.

JLL worked on behalf of Prologis, to arrange the equity partnership with Stonemont Financial Group to fully fund and own the new facility for Goodyear. Situated on 147 acres at the intersection of Interstate 85 and Georgia Highway 16, the center is currently the largest build-to-suit industrial project under construction in the Atlanta metropolitan area. The facility will be constructed on a former golf course, and is slated to be completed in March 2021.

Britton Burdette, Matt Wirth, Pete Pittroff, Dennis Mitchell and Patrick Nally of JLL represented Prologis in the transaction.

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