{"id":1004755544,"date":"2025-04-25T01:27:13","date_gmt":"2025-04-25T09:27:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004755544"},"modified":"2025-04-28T01:22:15","modified_gmt":"2025-04-28T09:22:15","slug":"prologis-broadstone-to-develop-78m-build-to-suit-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prologis-broadstone-to-develop-78m-build-to-suit-project\/","title":{"rendered":"Prologis, Broadstone to Develop $78M Build-to-Suit Project"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2eff8206cf5&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"467\" height=\"350\" data-attachment-id=\"1004755546\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/prologis-broadstone-to-develop-78m-build-to-suit-project\/krefeld-dc3_retouched_-1_final-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/krefeld-dc3_retouched_-1_final-1.jpg\" data-orig-size=\"467,350\" 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=\"Prologis-Broadstone-Fiat\" data-image-description=\"&lt;p&gt;Exterior shot of a Prologis facility.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Prologis invested $646 million in new industrial developments during 2025\u2019s first three months. Image courtesy of Prologis&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/krefeld-dc3_retouched_-1_final-1.jpg?w=467\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/krefeld-dc3_retouched_-1_final-1.jpg\" alt=\"Exterior shot of a Prologis facility.\" class=\"wp-image-1004755546\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/krefeld-dc3_retouched_-1_final-1.jpg 467w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/krefeld-dc3_retouched_-1_final-1.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 467px) 100vw, 467px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Prologis invested $646 million in new industrial developments during this year&#8217;s first quarter. <em>Image courtesy of Prologis<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Prologis and Broadstone Net Lease will develop a $78.2 million build-to-suit industrial project encompassing 422,000 square feet in Forsyth, Ga. Slated for delivery in the summer of 2026, the facility is set to be home to Fiat Chrysler Automobile for the next 15 years.<\/p>\n\n\n\n<p>The project marks a new partnership between the two companies. Prologis focuses on developing industrial projects in high-barrier, high-growth markets, complementing Broadstone\u2019s investment thesis.<\/p>\n\n\n\n<p>Located roughly 62 miles southeast of downtown Atlanta, the construction site is close to Interstate 75 and U.S. Route 41.<\/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\/industrials-new-groove-gradual-growth-and-tariff-talks\/\">Industrial\u2019s New Groove: Gradual Growth and Tariff Concerns<\/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>During the first quarter, Prologis&#8217; <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-transactions\/\">industrial investment volume<\/a> in new projects clocked in at $646 million, with 78 percent of them constructed on a build-to-suit basis. In the same interval, the company stabilized projects worth $925 million, with 64.5 percent being custom built. &nbsp;<\/p>\n\n\n\n<p>With this new Georgia development, Broadstone\u2019s industrial pipeline will grow to 1.9 million square feet. In December, the company began working on another industrial project in Bremen, Ga., set to encompass 1.2 million square feet. Stellantis agreed to occupy the space. The automotive company just <a href=\"https:\/\/www.commercialsearch.com\/news\/stellantis-opens-534-ksf-distribution-center-in-new-york\/\">opened another industrial location in East Fishkill, N.Y.<\/a>, about 60 miles north of New York City. A joint venture between Bluewater Property Group and Affinius Capital\u00a0owns the 534,000-square-foot distribution center.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fiat will occupy the Georgia facility upon completion next year.<\/p>\n","protected":false},"author":3471,"featured_media":1004755546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,32781],"tags":[46868,32956],"class_list":["post-1004755544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-southeast","tag-broadstone-net-lease","tag-prologis"],"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>Prologis, Broadstone to Develop $78M Build-to-Suit Project - 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