A new-to-Cincinnati developer and owner of industrial properties has started construction on its first speculative project in the region. Core5 Industrial Partners has started work on 75/71 Logistics Center at Walton, a more than 630,000-square-foot industrial building at 950 Wenstrup Lane. The building will boast nearly 14.5 acres under roof.
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Core5 Industrial Partners inked a full-building, 1.2-million-square-foot lease with Lakeland, Fla.-based Saddle Creek Logistics Services, which was the metro area’s largest industrial lease deal of 2018.
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ATLANTA, May 2, 2018 – Atlanta-based Core5 Industrial Partners announced today a 601,350 square-foot build-to-suit for Empire Distributors, Inc. a wholesale beverage distributor that serves three states in the Southeast (GA, TN and NC) and represents over 1,000 brands from around the world. The building resides at 685 Hartman Road in Austell, Georgia. The facility is an expansion for Empire, moving from approximately 300,000 square feet in Atlanta Industrial Park in Fulton County to the new building in Southwest Cobb County. Empire’s corporate headquarters and its regional distribution operations will be housed in the facility which will feature over 80,000 square feet of two-story office space alongside dedicated cooler and distribution space. The entire building will be climate controlled to maintain the high quality of inventory stored. Empire will employ a workforce of over 440 people with anticipated growth to over 510 employees within ten years. The facility plans to be fully operational by the fourth quarter of 2018. Anticipated investment in building and equipment is over $52 million.
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