Red Rock Developments, JLL Announce Plans for Shugart Farms Phase III

Site work underway for 907,610-square-foot, cross-deck, speculative facility in Atlanta’s I-85 South industrial corridor

April 24, 2020

ATLANTA, GA – Red Rock Developments, along with strategic partners, Lexington Realty Trust, Burke Holdings, Saben, LLC, and JLL are moving forward with development and leasing for Shugart Farms Phase III. This phase includes the addition of a 907,610-square-foot, speculative industrial building located in Atlanta’s I-85 South Industrial Corridor. Phase III is expected to deliver in Q4 2020.

Site work for the 907,610-square-foot speculative facility is currently underway. The building is equipped to facilitate cross-dock distribution operations and will be 40’ clear, which will enhance warehousing speed and productivity required by state of the art users. Situated at the intersection of Oakley Industrial Boulevard and Creekwood Road in Fairburn, Ga., Shugart Farms offers easy interstate , rail and airport access. The site is only 1.8 miles from I-85, 2.3 miles from the recently upgraded CSX Intermodal facility and 18 miles south of Hartsfield-Jackson Atlanta International Airport. Additionally, the submarket is only 250 miles from the Port of Savannah, which features the largest concentration of import distribution centers on the East Coast.

Located in one of the best labor sheds in the Southeastern United States, industrial labor availability within a 30 minute drive time is superior in the midst of the tightest labor market in decades. In addition, Shugart Farms Phase III is located in a Less Developed Census Tract (LDCT) which allows for potential tax credits for new users. LDCT provides a $3,500 tax credit per new job created in Georgia for up to five years.

“Phase III will allow Shugart Farms to continue providing unprecedented logistics opportunities for a variety of large-scale industrial users,” John Barker, Jr., SIOR President and Chief Development Officer of Red Rock. “With access to a talented labor pool and the region’s top distribution networks, we’re confident users will continue to require the strategic and geographic advantages Shugart Farms can provide their operation.”

Shugart Farm’s first two phases delivered nearly 5 million square feet of speculative distribution space. In April, JLL announced that PVH Corp. – owner of brands such as Tommy Hilfiger, Izod and Calvin Klein – signed a 20-year, 982,777-square-foot lease at Shugart Farms. The deal, which is regarded as one of metro Atlanta’s largest in 2019, will create 675 jobs and invest $80 million into the community. Other notable tenants in the immediate area include Smuckers, Duracell, Google, Clorox and Lowe’s. Upon completion, the park will span 2,500 acres and 16 million square feet of industrial space.

“Shugart Farms has already generated incredible momentum, and we’re continuing to see tremendous interest from high-profile industrial users looking to establish or grow their presence in Atlanta’s highly sought-after I-85 South corridor,” said Brad Pope, SIOR, Senior Vice President at JLL. “We look forward to marketing this development’s unmatched amenities and location to prospective occupiers.”

Atlanta’s I-85 South submarket has accounted for some of the most exciting leasing activity in the Southeastern United states. In addition to the recent PVH Corp lease, both Goodyear and Amazon have announced mega distribution centers in the corridor in the last few months, proving that the appetite for high-quality, well-positioned industrial space remains strong.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

About Red Rock Developments
Red Rock Developments is a privately held real estate development and investment company headquartered in Columbia, SC, with a regional office in Charlotte, NC. Our core competency is in the industrial / distribution sector within select, strategic markets located predominantly east of the Mississippi River. Red Rock has developed over 18 million square feet of Class A industrial space and continues to grow its platform.  Red Rock’s areas of expertise include build-to-suit / lease, speculative development and industrial park / land development. The company currently has industrial projects located in Central Florida; Atlanta, Georgia; Columbia, SC; Indianapolis, Indiana; Richmond, Virginia; and Nashville, Tennessee.