{"id":1004190825,"date":"2017-09-19T08:46:08","date_gmt":"2017-09-19T16:46:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004190825"},"modified":"2022-12-06T22:22:39","modified_gmt":"2022-12-07T06:22:39","slug":"gp-to-invest-100m-in-new-al-lumber-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gp-to-invest-100m-in-new-al-lumber-facility\/","title":{"rendered":"GP to Invest $100M in New AL Lumber Facility"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/GP-lumber-facility.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004190835\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/gp-to-invest-100m-in-new-al-lumber-facility\/gp-lumber-facility\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/GP-lumber-facility.jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;IvyLee Rosario&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1505734818&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=\"\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/GP-lumber-facility.jpg?w=400\" class=\"alignright wp-image-1004190835 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/GP-lumber-facility.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/GP-lumber-facility.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/GP-lumber-facility.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Georgia-Pacific is building a new lumber production facility in Talladega, Ala.\u00a0The location for the state-of-the-art plant\u00a0will be Georgia-Pacific\u2019s former plywood plant that closed in 2008. Construction of the $100 million property will begin immediately and is slated for completion in late 2018.<\/p>\n<p>Once in production, the 300,000-square-foot facility will receive 150 log trucks a day and produce 230 million board-feet of lumber a year.\u00a0<\/p>\n<h2>Attractive location<\/h2>\n<p>The development will provide jobs for 120 workers for a 12-month construction period. Once completed, the plant is set to employ more than 100 full-time workers and generate an estimated $5 million in annual payroll. There are currently 2,300 Georgia-Pacific employees at seven other Alabama facilities, in which the company has invested $1.1 billion.<\/p>\n<p><em>\u201cThe availability of talent and natural resources makes Talladega an ideal site for this new lumber production facility. The City of Talladega, Talladega County, and the State of Alabama have been incredibly supportive of this new venture and we look forward to a long and beneficial relationship,\u201d<\/em> said Fritz Mason, vice president &amp;\u00a0general manager of Georgia-Pacific Lumber, in prepared remarks. <em>\u201cThis new facility is the first of several we have in our current plan. The demand for lumber continues to improve as the housing market recovers, so we are evaluating similar investments in Georgia, Texas and Mississippi.\u201d\u00a0<\/em><\/p>\n<p>Alabama has been a transforming\u00a0spot for industrial growth, with Amazon recently investing\u00a0$30 million in a new 362,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/amazon-to-open-first-alabama-hub\/\">sortation center in Mobile, Ala<\/a>.<\/p>\n<p><em>Image courtesy of\u00a0Georgia-Pacific<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 300,000-square-foot facility is slated for completion in late 2018. Once completed, the plant is set to employ more than 100 full-time workers. <\/p>\n","protected":false},"author":746,"featured_media":1004190835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21783,21742],"tags":[37595],"class_list":["post-1004190825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-investment","category-latest","tag-georgia-pacific-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GP to Invest $100M in New AL Lumber Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/gp-to-invest-100m-in-new-al-lumber-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GP to Invest $100M in New AL Lumber Facility\" \/>\n<meta property=\"og:description\" content=\"The 300,000-square-foot facility is slated for completion in late 2018. 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