John Hancock, CRG Unveil 1 MSF Atlanta Logistics ProjectBy
CRG, on behalf of owner John Hancock Real Estate, is developing a 1-million-square-foot, state-of-the-art industrial building in the Atlanta suburb of Locust Grove.
We decided about a year and a half ago to really emphasize the industrial development portion of our company, so we’re now out doing speculative development as well as doing design-builds and making a real effort to get a solid position in all of the logistics major markets,” Larry Chapman, CRG Partner, told Commercial Property Executive. “We’re doing it in a very robust way, and you’re seeing it in Atlanta with the Locust Grove project.”
This is the first of a 311-acre development designed for more than 4.5 million square feet of industrial buildings and when finished, the multiple phase business park will offer the flexibility to meet large industrial needs. According to Chapman, there’s a lot of opportunity for development in the area and he expects another 4 or 5 buildings…
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