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JV to Develop 215K-SF Industrial Facility in Newnan
Real estate investment management company CA Ventures has entered into a joint venture partnership to develop Coweta Business Center, a 215,000-square-foot, industrial facility in Newnan, GA.
The project will feature 32-foot clear heights, 200 parking spaces and up to 55 dock doors with full truck circulation around the building. The site’s I-85-adjacent location is less than one mile from the full diamond interchange at Exit 51, which is critical for distributors seeking last‐mile delivery service to metro Atlanta, as well as bulk distribution to the growing southeastern markets along the I‐85 corridor. Coweta Business Center is slated to be completed by December 2021.
Wes Budd and Chris Irby of NAI Brannen Goddard represented CA Ventures in the acquisition of the land and will also be leasing the project. Mark Sixour, Dennis Mitchell, Matt Wirth and Britton Burdett of JLL Capital Markets arranged the joint venture partnership with an undisclosed entity.
For comments, questions or concerns, please contact David Cohen
- ◦Development
