Walton Sells 112 Acres to Crow Holdings Industrial in South Fulton, Ga.
PHOENIX – Walton, a real estate investment and land asset management company with US$3.4 billion and more than 98,000 acres under management and administration in North America, recently announced the sale of 112 acres to Crow Holdings Industrial, the industrial development company of Crow Holdings. The property is planned for a second phase of West Fulton Commerce Park which totals 212-acres in the City of South Fulton, Georgia. West Fulton Commerce Park is located within the larger Woodbury Park mixed-use development.
Strategically located at the crossroads of Campbellton Road, Riverside Drive and Fulton Industrial Boulevard, the site offers a one-of-a-kind location in Southwest Atlanta Industrial Corridor, one of Atlanta’s four core submarkets. With close proximity to Atlanta’s Hartsfield-Jackson International Airport, the 10th largest air cargo hub in North America, and excellent access to I-20 and I-285 this location is prime for a multitude of businesses.
Walton’s General Manager, Tennessee and Georgia, Anthony Sparrow said, “This sale is part of the second phase of our industrial option agreement with Crow Holdings Industrial. Our partnership has been a successful one and we hope to continue to work with them in the future.” He added, “We are proud to be a part of the growth and development taking place in the South Fulton area.”
Crow Holdings Industrial recently delivered Phase I of the Park and will break ground on Phase II in August. “With this development, we’re bringing much-needed supply into the Fulton Industrial submarket, filling the growing need for high-quality, Class-A industrial space,” said John Bateman, Managing Director of CHI’s Southeast division. “Working with Walton on this complex land acquisition has been a true partnership and is the beginning of a long-term national relationship that we are very excited about.” Over the past 4 years, Crow Holdings Industrial has built or is currently under construction on 7 million square feet of industrial projects in the Atlanta area.
Upon completion, Woodbury Park will consist of four distinct land uses; industrial, residential, retail, and office. It will incorporate the benefits of walkability, open space for recreation, and connectivity to major thoroughfares.
The two planned logistics buildings will be 1 million and 220,000 square feet, respectively, and will be Class-A modern logistics facilities featuring best-in-class site amenity ratios, full circulation and the ability to secure independently. The larger building will feature a 40’ clear height, 274 dedicated trailer parking stalls and 172 loading doors. The smaller will have a 36’ clear height, 37 dedicated trailer parking stalls and 50 loading doors.
Home to over 100,000 residents, South Fulton is the eighth-largest city in Georgia. Walton currently has more than 11,000 acres under management in the Atlanta market and is actively pursuing additional transactions in the metro area.
Crow Holdings (CHI) is a leading U.S. industrial developer, having built more than 30 million square feet of distribution, fulfillment and last mile properties in key logistics markets since 2013. CHI is part of Crow Holdings, a privately-owned real estate investment and development firm with a 70-year history, $21 billion in assets under management, and a strong track record of performance, partnership and innovation. For more information, please visit www.crowholdings.com/chi.