Granite REIT Welcomes New Tenant at Atlanta Warehouse
The property spans 1 million square feet.
SupplyHouse, an online distributor of plumbing, HVAC and electrical supplies, will open a 715,000-square-foot fulfillment center in Locust Grove, Ga. The company is investing roughly $19 million in the upcoming facility and operations are expected to start in 2027.
It will be the supplier’s fifth U.S. location in its network of last-mile fulfillment centers, expanding the company’s one-day delivery coverage across Georgia, Florida and the Carolinas. The logistics facility is expected to add 330 new jobs in Henry County.
Within a 1 million-square-foot warehouse
SupplyHouse’s new location will be at 3090 State Route 42, within a 1 million-square-foot Class A industrial facility owned by Granite REIT, according to Yardi Matrix information. The warehouse has 40-foot clear heights, four grade-level doors and 184 dock-high doors.
The 2020-completed property occupies an 86-acre lot near a Home Depot distribution center. It is close to Interstate 75, a critical logistics gateway providing connections to the Atlanta metro area and Port of Savannah. Hartsfield-Jackson Atlanta International Airport is 30 miles away.
READ ALSO: Atlanta Industrial Sector Stays Strong
SupplyHouse will occupy the space previously leased at the Locust Grove facility by Radial, which shut down operations in early 2025. The new tenant signed a 125-month leasing agreement, with the deal term starting in the fourth quarter of 2026, according to a Granite REIT presentation.
The rest of the building houses Power Grid Components. The Blackstone-owned company signed the corresponding 250,041-square-foot lease last year.
Atlanta’s stable industrial fundamentals
Atlanta’s industrial sector has continued to post healthy fundamentals throughout the first three quarters of the year, according to a recent Yardi Matrix industrial report. The market witnessed a 8.6 percent vacancy rate in September, the second-smallest in the Southeast after Nashville’s 6.2 percent and 110 basis points below the national average.
In one of the more sizable leases of the nine-month interval, Parts Town Unlimited committed to the entire Building 1 of Jackson 85 North Business Park in Pendergrass, Ga., in August. The mission-critical parts supplier will move in the 538,450-square-foot facility, owned by Trammell Crow Co. and CBRE Investment Management, by the end of the year.
Atlanta also kept a sizable industrial pipeline, with 21.4 million square feet underway. That figure ranked fourth nationwide and accounted for 3.5 percent of the metro’s total stock, above the 2.2 percent national figure.
One of the metro’s largest industrial developments is River Park E-Commerce Center – Building 9, a 1.4 million-square-foot project in Jackson, Ga. Scannell Properties broke ground in May on the facility that is part of the 2,000-acre River Park E-Commerce Center. Completion is expected in March 2027.
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