{"id":1004158927,"date":"2016-11-14T01:57:38","date_gmt":"2016-11-14T09:57:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004158927"},"modified":"2020-05-18T10:25:53","modified_gmt":"2020-05-18T18:25:53","slug":"ups-to-build-250-acre-atlanta-distribution-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ups-to-build-250-acre-atlanta-distribution-facility\/","title":{"rendered":"UPS to Build 250-Acre Atlanta Distribution Facility"},"content":{"rendered":"<p>By Scott Baltic, Contributing Editor<\/p>\n<p><strong><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/UPS-Truck.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004152285\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/utah-reels-in-200m-ups-facility\/ups-truck\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/UPS-Truck.jpg\" data-orig-size=\"1000,744\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"UPS Truck\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/UPS-Truck.jpg?w=1000\" class=\"alignright size-medium wp-image-1004152285\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/UPS-Truck.jpg\" alt=\"UPS Truck\" width=\"300\" height=\"223\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/UPS-Truck.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/UPS-Truck.jpg?resize=300,223 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/UPS-Truck.jpg?resize=768,571 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Atlanta<\/strong>\u2014Having recently completed a five-year entitlement process for Fulton County Airport-Brown Field, <a href=\"https:\/\/www.majesticrealty.com\/\" rel=\"nofollow\" target=\"_blank\">Majestic Realty Co.<\/a> will now lease 250 acres there to <a href=\"https:\/\/www.ups.com\/\" rel=\"nofollow\" target=\"_blank\">United Parcel Service<\/a> for that company\u2019s largest-yet distribution facility, it was announced late last week.<\/p>\n<p>The new 1.5 million-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial\/\" target=\"_blank\">distribution center<\/a>, to be developed by Majestic, will reportedly be capable of processing 100,000 packages per hour. The building broke ground earlier this month, and UPS expects it to be fully operational on Nov. 1, 2017.<\/p>\n<p>Majestic Realty, based in City of Industry, Calif., has a 50-year ground lease at the 985-acre airport, which is owned by Fulton County and the city of Atlanta, a Majestic spokesperson told <em><a href=\"https:\/\/www.commercialsearch.com\/news\/\" target=\"_blank\">Commercial Property Executive<\/a><\/em>.<\/p>\n<p>Majestic Realty Co., Invest Atlanta, the city of Atlanta, the State of Georgia, Fulton County and UPS make up a public\/private partnership backing a redevelopment of much of the airport site. In other aspects of the project, Majestic will provide additional infrastructure, including a new $1.1 million operations center and up to 20 new hangars for the general-aviation field, which is otherwise known as Charlie Brown Airport.<\/p>\n<p>Additionally, the existing 9\/27 runway, at 2,800 feet the shortest of the airport\u2019s three runways, according to an FAA diagram, will be repurposed.<\/p>\n<p>\u201cThe infrastructure in the surrounding area is too strong for this plot of land to be vacant,\u201d Stan Conway, Majestic executive vice president &amp; board member, said in a prepared statement. He noted the site\u2019s easy access from I-285, I-20 and Fulton Industrial Boulevard.<\/p>\n<p>The Atlanta industrial market is seeing tightening vacancies (down to 10.3 percent in the third quarter), and even with 14 million square feet currently under construction, that is not expected to drop noticeably, according to a third quarter report from <a href=\"https:\/\/www.cbre.com\/\" rel=\"nofollow\" target=\"_blank\">CBRE<\/a>. Meanwhile, net absorption is on track to surpass the 17.5 million square feet taken up in 2015.<\/p>\n<p>The average asking rental rate for the Atlanta industrial market is $4.13 per square foot, a year-over-year increase of 7.0 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has signed a lease with Majestic Realty Co. to build its largest-yet distribution facility at Charlie Brown Airport.<\/p>\n","protected":false},"author":882,"featured_media":1004152285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,21808,21748,21783,21742],"tags":[],"class_list":["post-1004158927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-featured","category-industrial","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"UPS to Build 250-Acre Atlanta Distribution Facility - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/ups-to-build-250-acre-atlanta-distribution-facility\/","og_locale":"en_US","og_type":"article","og_title":"UPS to Build 250-Acre Atlanta Distribution Facility","og_description":"The company has signed a lease with Majestic Realty Co. to build its largest-yet distribution facility at Charlie Brown Airport.","og_url":"https:\/\/www.commercialsearch.com\/news\/ups-to-build-250-acre-atlanta-distribution-facility\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-11-14T09:57:38+00:00","article_modified_time":"2020-05-18T18:25:53+00:00","og_image":[{"width":1000,"height":744,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/UPS-Truck.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/ups-to-build-250-acre-atlanta-distribution-facility\/","url":"https:\/\/www.commercialsearch.com\/news\/ups-to-build-250-acre-atlanta-distribution-facility\/","name":"UPS to Build 250-Acre Atlanta Distribution Facility - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/ups-to-build-250-acre-atlanta-distribution-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/ups-to-build-250-acre-atlanta-distribution-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/UPS-Truck.jpg","datePublished":"2016-11-14T09:57:38+00:00","dateModified":"2020-05-18T18:25:53+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/ups-to-build-250-acre-atlanta-distribution-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/ups-to-build-250-acre-atlanta-distribution-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/ups-to-build-250-acre-atlanta-distribution-facility\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/UPS-Truck.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/UPS-Truck.jpg","width":1000,"height":744},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/ups-to-build-250-acre-atlanta-distribution-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"UPS to Build 250-Acre Atlanta Distribution Facility"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. 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