Developer to Deliver First of Two Planned Buildings in Q4 of 2018
Atlanta, GA – March 8, 2018 – Liberty Property Trust today announced it has broken ground on the 840,000 square foot Building 1 (120 Midway Road) at Liberty Commerce Center in Butts County, Georgia.
"Liberty Commerce Center will provide large, state-of-the-art and energy efficient industrial space in the currently underserved Atlanta-Savannah Corridor," said Steve Rowley, vice president and market leader, Liberty Property Trust. "This site is extremely flexible. It could serve as an e-commerce fulfillment center, regional distribution facility or service the Atlanta metro. Tenants who serve this region, the Port of Savannah and Florida are consistently requesting higher clear heights and more flexible column spacing – just two of many important elements this building will afford."
Liberty will deliver Building 1 during the fourth quarter of this year. The Class A building is designed to achieve LEED® and Energy Star certifications. It will feature cutting-edge 40-foot clear heights, 56-by-51-foot column spacing and 600-foot depth. Access will include 156 dock doors and 70-foot speed bays. The building will be fitted with energy efficient LED lighting, 91 clerestory windows, an ESFR sprinkler system, and two 195-foot truck courts with 176 trailer and 439 car parking spaces.
"With immediate access to major interstates and proximity to Hartsfield-Jackson International Airport, Liberty Commerce Center will be exceptionally beneficial to companies seeking warehouse, distribution and light manufacturing in a strategic location," said Wit Truitt, SIOR, executive vice president of JLL Atlanta, who, along with Reed Davis and Brad Pope is marketing Liberty Commerce Center. "Butts County's thriving industrial market provides a vast opportunity for companies looking to capitalize on the continued growth of e-commerce and the resulting spike in demand for industrial space."
Liberty plans to develop a 240,000 square foot sister building at 184 Midway Road to complete the 80-acre complex. Alternatively, the location could support an additional 266 trailer or 1,070 automotive parking spaces.
About Liberty Property Trust
The company is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 100 million square foot portfolio includes 561 properties which provide office, distribution and light manufacturing facilities to 1,200 tenants.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.