Chicago, IL-based Logistics Property Company has purchased 56.8 acres of land in Gainesville, GA to construct the Gainesville 85 Business Center, a two-building, 585,900-square-foot industrial park. The project is the company’s second in the I-985 corridor and is expected to deliver in Q4 2023.

Todd Barton, Mark Hawks, Joanna Blaesing and Matt Higgins of CBRE represented Logistics Property Company (a real estate platform focused on the acquisition, development and management of logistics properties) in the transaction and will be leasing the project. The Gainesville and Hall County Development Authority sold the land.

Gainesville 85 Business Center will be located just off Interstate 985 and will include two Class A distribution facilities ranging in size from 251,100 square feet to 334,800 square feet. The project will include 32-foot clear heights, 128 trailer spaces, 422 auto parking spaces, direct access to highways 60 and 129 and strategic access to Interstate 985 and the future Northeast Georgia Inland Port.