Lincoln Property Company Southeast (Lincoln) is preparing to break ground this month on a 305,000-square-foot, Class-A distribution facility in Emerson, Georgia, after closing on a land sale for the project in late July. Called LakePoint 75, the facility is expected to be completed in Fall 2023. Lincoln’s Turner Fortin and Colin Beecham will oversee construction, marketing and leasing for the building.
LakePoint 75 will be located about 35 minutes northwest of Atlanta, off Joe Frank Harris Parkway SE – just a mile and a half from I-75 and two miles from downtown Cartersville. The facility features 36-foot clear heights, 67 dock-high doors, 37 trailer parking spaces and 170 auto parking spaces. The complex will uniquely offer an ample amount of green space and outdoor amenities for its industrial tenants including grills, outdoor activity space, communal seating and open-air meeting space.
“We are pleased to continue growing our portfolio of Class-A speculative developments with this project in another high-demand market outside of Atlanta,” said Lincoln’s Fortin. “We’re seeing a lot of potential for continued growth in Bartow County, and LakePoint 75 is a golden opportunity for users looking to make a strong presence in the I-75 North submarket. Outdoor-centric amenities are a unique offering in the industrial sector, and we hope to set a new standard in the region for this type of quality product.”
LakePoint 75 sits 28 miles from I-285, 50 miles to Hartsfield-Jackson Atlanta International Airport and 75 miles from Chattanooga. Bartow County saw a population growth of 11.8% between 2010 and 2020 according to the U.S. Census, driven mainly by a large number of people moving out of more urban areas nearby into the county. With its strong labor pool and convenient access to major thoroughfares leading to key markets in the state, Bartow ranked the second most active market in Metro Atlanta for industrial development this year.
According to a recent report from Lincoln, the Northwest Atlanta industrial market has performed well in Q2 2022 with vacancy down to 3% and positive absorption hitting 1,522,839 square feet. More than 11 million square feet of industrial space remains under construction in the Northwest Atlanta submarket.
About Lincoln Property Company
Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, with over 8,550 employees and an international footprint that includes offices in 450 cities across the United States and two offices in Europe. Since its inception in 1965, Lincoln has developed over 239 million square feet of office, industrial, and retail projects as well as 216,000 apartment units. Stemming from its development and ownership background, Lincoln’s operating platform seamlessly integrates its various service lines, provides for consistent and measurable performance and utilizes cutting-edge technology over its 400+ million square feet of leased and managed assets. For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com