{"id":1004192627,"date":"2017-10-04T03:12:30","date_gmt":"2017-10-04T11:12:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004192627"},"modified":"2022-12-08T23:38:49","modified_gmt":"2022-12-09T07:38:49","slug":"pnk-plans-3-msf-atlanta-spec-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pnk-plans-3-msf-atlanta-spec-industrial-project\/","title":{"rendered":"PNK Plans 3 MSF Atlanta Spec Industrial Project"},"content":{"rendered":"

By Barbra Murray<\/em><\/p>\n

\"Rendering<\/a>

Rendering of Southern Gateway at Lambert Farms<\/p><\/div>\n

Russia-based PNK Group has kicked off construction of Southern Gateway at Lambert Farms, a spec industrial park that will ultimately provide 3 million square feet of state-of-the-art space in McDonough, Ga.\u00a0The\u00a0Atlanta industrial market<\/a>\u00a0is performing well and\u00a0both\u00a0national and international developers are taking note.<\/p>\n

Southern Gateway marks PNK\u2019s second project in the U.S., and its first in Atlanta. The company has tapped C&W to oversee leasing at Southern Gateway.\u00a0\u201cThe development site offers a prime opportunity for PNK Group to make a strong entrance into the Atlanta market. It\u2019s located near Interstate 75, the preferred access route to the Port of Savannah and the Port of Brunswick, in one of the oldest and most established submarkets for big-box development,\u201d<\/em> Pat Murphy, managing director with Cushman & Wakefield, said in a prepared statement.<\/p>\n

PNK started on\u00a0Southern Gateway with the construction of a 1.1 million-square-foot distribution facility; ground broke on the building in September. The developer is undaunted by the notion of going spec on a large facility. Murphy noted, \u201cThe City of McDonough has been very attractive to major industrial users including Tory Burch, Wayfair, Scotts, Home Depot and Ghirardelli.\u201d<\/em><\/p>\n

HOTLANTA<\/strong><\/h2>\n

It\u2019s not just the City of McDonough that\u2019s attractive to leading industrial users; the Atlanta area in general is high on tenants\u2019 radar. The proof is in the numbers. Atlanta recorded record-breaking net absorption of 6.4 million in the first quarter of 2017, and another 6.3 million in the second quarter, according to a C&W report. Not even all-time-high construction completions–9.7 million square feet of industrial product delivered in the first half–dampened the sky-high absorption figures.<\/p>\n

PNK isn\u2019t alone in its bid to capitalize on strong demand in the metropolitan Atlanta industrial market. In Locust Grove, John Hancock Real Estate and CRG are building a 1 million-square-foot\u00a0Locust Grove industrial building<\/a> that constitutes the initial phase of a 311-acre business park. And Robinson Weeks Properties recently broke ground on an approximately 1.2 million-square-foot regional distribution and e-commerce logistics campus<\/a> at the Gillem Logistics Center in Forest Park.<\/p>\n

Image courtesy of Cushman & Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The development marks the Russia-based company\u2019s first foray into the Atlanta market and its second in the U.S. The firm has tapped C&W to oversee leasing at Rendering of Southern Gateway at Lambert Farms.<\/p>\n","protected":false},"author":969,"featured_media":1004192631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,21808,21748,21742],"tags":[32799,37835],"class_list":["post-1004192627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-featured","category-industrial","category-latest","tag-cushman-wakefield","tag-pnk-group"],"acf":[],"yoast_head":"\nPNK Plans 3 MSF Atlanta Spec Industrial Project - 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\/pnk-plans-3-msf-atlanta-spec-industrial-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PNK Plans 3 MSF Atlanta Spec Industrial Project\" \/>\n<meta property=\"og:description\" content=\"The development marks the Russia-based company\u2019s first foray into the Atlanta market and its second in the U.S. The firm has tapped C&W to oversee leasing at Rendering of Southern Gateway at Lambert Farms.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pnk-plans-3-msf-atlanta-spec-industrial-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-04T11:12:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:38:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Southern-Gateway-at-Lambert-Farms.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pnk-plans-3-msf-atlanta-spec-industrial-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pnk-plans-3-msf-atlanta-spec-industrial-project\/\",\"name\":\"PNK Plans 3 MSF Atlanta Spec Industrial Project - 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