{"id":1004731110,"date":"2024-10-02T07:52:26","date_gmt":"2024-10-02T15:52:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004731110"},"modified":"2024-10-02T21:39:31","modified_gmt":"2024-10-03T05:39:31","slug":"foxfield-aew-land-200-ksf-industrial-tenant-in-metro-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/foxfield-aew-land-200-ksf-industrial-tenant-in-metro-atlanta\/","title":{"rendered":"Foxfield, AEW Land 200 KSF Industrial Tenant in Metro Atlanta"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Foxfield-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1560\" height=\"1170\" data-attachment-id=\"1004731111\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/foxfield-aew-land-200-ksf-industrial-tenant-in-metro-atlanta\/foxfield-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Foxfield-1.jpg\" data-orig-size=\"1560,1170\" data-comments-opened=\"0\" 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;0&quot;}\" data-image-title=\"Sugarloaf-Logistics-Hub-Foxfield-AEW\" data-image-description=\"&lt;p&gt;Rendering of the upcoming facilities at 5030 Sugarloaf Parkway, Lawrenceville, Ga.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Sugarloaf Logistics Hub\u2019s first phase facilities will feature cross-dock, rear-load and front-load configurations, measuring between 193,150 square feet and 624,280 square feet. Image courtesy of Foxfield&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Foxfield-1.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Foxfield-1.jpg\" alt=\"Rendering of Sugarloaf Logistics Hub's first phase. The master-planned industrial development will rise inside metro Atlanta.\" class=\"wp-image-1004731111\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Foxfield-1.jpg 1560w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Foxfield-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Foxfield-1.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Foxfield-1.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Foxfield-1.jpg?resize=1536,1152 1536w\" sizes=\"auto, (max-width: 1560px) 100vw, 1560px\" \/><\/a><figcaption class=\"wp-element-caption\">Sugarloaf Logistics Hub\u2019s first phase facilities will feature cross-dock, rear-load and front-load configurations, measuring between 193,150 square feet and 624,280 square feet. <em>Image courtesy of Foxfield<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Foxfield and AEW Capital Management have signed a full-building, 200,000-square-foot lease at Sugarloaf Logistics Hub, a 2.2 million-square-foot master-planned industrial development in Lawrenceville, Ga., within metro Atlanta.<\/p>\n\n\n\n<p>Souto Foods, a subsidiary of&nbsp;Alex Lee, committed to the space, which also includes a <a href=\"https:\/\/www.commercialsearch.com\/news\/why-cold-storage-is-getting-hotter\/\">cold storage<\/a> element. The food distributor plans to invest $28 million in the site and expects to create 70 new jobs.<\/p>\n\n\n\n<p>JLL and OnPace Partners worked on behalf of the landlords, while NAI Brannen Goddard represented the tenant.<\/p>\n\n\n\n<p>Developers broke ground on the first phase earlier this year. It is planned to total 1.1 million square feet of industrial space across three buildings. The owner is pursuing LEED certification through the usage of <a href=\"https:\/\/www.commercialsearch.com\/news\/real-estates-concrete-answers\/\">recycled concrete<\/a>, energy-efficient frameworks and environmentally conscious practices.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/why-2024-is-the-year-to-invest-in-industrial-real-estate\/\">Why 2024 Is the Year to Invest in Industrial Real Estate<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The three buildings will have a total of eight drive-in doors, 189 dock-high doors, as well as 569 and 225 car- and trailer-parking spaces. Clear heights will range between 36 and 40 feet, while the truck courts will measure 185 feet for each facility.<\/p>\n\n\n\n<p>Located at 5030 Sugarloaf Parkway, Souto Foods\u2019 upcoming building is roughly 27 miles northeast of downtown Atlanta, as well as about 4 miles from U.S. Route 29 and Interstate 85. The Gwinnett County Airport is some 6 miles east.<\/p>\n\n\n\n<p>JLL Executive Managing Director Reed Davis alongside Stephen Bridges, partner at OnPace, led the broker team on behalf of the landlords. NAI Brannen Goddard Managing Director Bill Kee spearheaded the negotiations on behalf of the tenant.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-office-to-industrial-redevelopment\">Office-to-industrial redevelopment<\/h2>\n\n\n\n<p>Foxfield and AEW purchased the six-building, 740,000-square-foot office campus in 2022 with plans to <a href=\"https:\/\/www.commercialsearch.com\/news\/can-adaptive-reuse-revitalize-us-cities\/\">reshape the site<\/a> into a seven-building, 2.2 million-square-foot industrial park, set to include warehouse, industrial and logistics space. Prior to the sale, Cisco owned and occupied the campus.<\/p>\n\n\n\n<p>Additionally, the 290-acre, master-planned development would include some 800 residential units and five retail pad sites. Concurrent with the lease, the developer duo also sold a 13-acre, multifamily-zoned parcel to Westplan Investors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-atlanta-industrial-leasing-improved-in-the-second-quarter\">Atlanta industrial leasing improved in the second quarter<\/h2>\n\n\n\n<p>Industrial demand picked up steam in metro Atlanta during the second quarter. Leasing activity increased 11.6 percent compared to the first three months of the year, according to a report by Cushman &amp; Wakefield.<\/p>\n\n\n\n<p>Leasing activity totaled nearly 6.4 million square feet from April to June, the same source shows. Although most transactions encompassed small deals, the number of signed leases north of 300,000 square feet outshined the one registered during any of the past five quarters.<\/p>\n\n\n\n<p>Metro Atlanta\u2019s second quarter absorption clocked in at 3.4 million square feet\u2014only six of the 83 markets tracked by Cushman &amp; Wakefield broke the 3.0 million square feet mark. The delivery of Target\u2019s build-to-suit, <a href=\"https:\/\/www.commercialsearch.com\/news\/northpoint-development-to-build-1-4-msf-target-facility\/\">1.4 million-square-foot facility<\/a> aided the metro\u2019s absorption figure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A food distributor signed a full-building lease at an upcoming 2.2 million-square-foot campus.<\/p>\n","protected":false},"author":3471,"featured_media":1004731111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21784,21748,21742,32781],"tags":[33758,52123,32796,34585],"class_list":["post-1004731110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-brokerage","category-industrial","category-latest","category-southeast","tag-aew-capital-management","tag-foxfield","tag-jll","tag-nai-brannen-goddard"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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