ELSMERE, KY — September 30, 2020 – Core5 Industrial Partners has closed on a 65-acre industrial site at Exit 180 in the Airport submarket of Kentucky. Core5 will immediately break ground on the development of C5 75/71 Northern KY Logistics Center, a 772,000-square-foot state-of-the-art logistics facility. Delivery of the building is scheduled for Q3 2021.The 772,000-square-foot cross-dock building, divisible to +/- 300,000 square feet, will feature 40-foot clear ceiling height and can accommodate trailer parking for up to 248 trailers and 330 auto parking spaces. The site is strategically located 2.5 miles from I-75/71 (exit 180), offering superior access to Cincinnati’s CVG International Airport, DHL’s Super Cargo Hub, and the future home of Amazon Prime Air. A 2-day drive reaches nearly 90% of the U.S. population. C5 75/71 Northern KY Logistics Center also benefits from an immediate strong labor market, exceptional transportation infrastructure, and a 30-year pilot tax abatement.“Core5 is bringing best-in-class ideas to the C5 75/71 Northern KY Logistics Center project,” states Doug Armbruster, Senior Vice President for Core5. “It will be a real game changer for the market. The access is exceptional. Coupled with 40’ clear height, low real estate taxes and strong labor pool, it’s an unbeatable location for users who need access to the interstate and the UPS cargo facilities,” added Armbruster.CBRE will represent Core5’s leasing efforts for the building. Read More
LOUISVILLE — July 22, 2019 – Core5 Industrial Partners, a new-to-Louisville developer and owner of industrial properties, has started construction on the largest speculative building in the market, a 1,038,240-square-foot building at Bourbon Trail Logistics Center, located less than one mile from I-65 at KY-245 in Shepherdsville.
The building is the first 40-foot clear height speculative building to deliver in the market and will be available in the second quarter of 2020. The million-square-foot building offers generous parking for 638 auto spaces with options to expand and 237 trailer storage locations.
“Core5 is bringing the best-in-class ideas to the Bourbon Trail Logistics Center project,” states Doug Armbruster, Senior Vice President for Core5. “It will be a real game changer for the market. The access is exceptional. Coupled with 40’ clear height, low real estate taxes and strong labor pool, it’s an unbeatable location for users who need access to the interstate and the UPS cargo facilities,” added Armbruster.
The Louisville International Airport houses UPS Worldport, the largest automated package handling facility in the world and the center point of UPS’s worldwide air network. The project is located less than one half mile from I-65 where a high concentration of commodities flow through Kentucky.
JLL’s Powell Spears and Matt Hartlage represented Core5 in purchasing the 49.8-acre site and will also represent Core5’s leasing efforts for the building. “This project checks all the boxes for users seeking strategic logistics opportunities – location, infrastructure, strong labor talent, incentives and the latest in distribution space design,” states Spears.
The project design team consists of MacGregor Associates Architects and Mindel Scott.
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Core5 Industrial Partners Announces Two Speculative Buildings Near the Port of Savannah
Effingham Business Center Set to Immediately Break Ground on a 121-Acre Site in Effingham County.
ATLANTA, October 11, 2023 – Atlanta-based Core5 Industrial Partners closed on a 121-acre park located less than 9.5 miles from the Georgia Ports Authority’s Garden City Terminal. Core5 will immediately break ground on the development of Effingham Business Center, located in unincorporated Effingham County on Old Augusta Road, and only 10 miles from Savannah International Airport. The park features a 401,760-square-foot rear-load building, which will accommodate tenants 100,000 square feet and higher and a 362,880-square-foot front-load building, designed to accommodate tenants of 150,000 square feet and higher. Both buildings feature 36’ clear heights, ample auto parking and 185’ truck courts. Delivery of both buildings is scheduled for the first quarter of 2025 and will be move-ready with make-ready office, lights and dock equipment in-place at completion.
“With close proximity to the Port as well as Hyundai’s Metaplant America and its suppliers, Effingham Business Center is strategically located to meet the needs of a broad range of occupiers in the Savannah market. The project is only five miles away from I-95 and 14.3 miles from I-16,” states Rodney Davidson, Vice President Investments for Core5. “Core5 is very bullish on the Savannah market, given the Georgia Ports Authority approved plan to invest over $4.5 billion over the next 12 years to expand and improve operations, we believe Savannah will become an even more important gateway for occupiers, stated Lisa Ward, Senior Vice President with Core5.
CBRE’s Savannah office will handle leasing efforts on behalf of Core5 for both buildings.
About Core5 Industrial Partners
Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Maryland, Memphis, Nashville, Pennsylvania, Phoenix, San Antonio, Savannah and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 43 million square feet since inception.
Immediate access to capital, coupled with the ability to financially support deals on their balance sheet without utilizing third party resources on most transactions, Core5 executes quickly without layers of bureaucratic, time-consuming processes. The company is privately held by 180-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with whom C5 leadership has sustained a 30+ year working relationship.
Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making. For more information on Core5 Industrial Partners, visit www.c5ip.com.
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