Two speculative Class A industrial buildings totaling 540,408 square feet are coming to the new Northeast Georgia Inland Port.
Alliance Industrial Company will break ground this quarter on the Alliance 985 Business Park, which is slated to be delivered in early 2026 at 3605 Atlanta Hwy Flowery Branch, Ga.
Avison Young has arranged the sale of the 66.75 acres of land needed for the development. The first building will be 113,536 square feet, and the second will be 426,872 square feet.
Alliance 985 Business Park boasts seamless access to I-985 and I-85, which, coupled with its proximity to the new Northeast Georgia Inland Port and access to a deep labor pool, makes it one of the most well-positioned products to launch in recent months, according to Chris Hoag, CCIM, senior associate, Capital Markets Group, Avison Young.
“This is extremely attractive to industrial users in the market today, especially as new product supply across the Southeast has dwindled due to elevated construction costs and heightened interest rates,” Hoag told CPE.
There has been an 80 percent decline in groundbreaking for new industrial projects in Q3, according to Avison Young’s Q3 2024 Atlanta Industrial Market Report, compared to the peak of development in 2021.
In 2024, industrial leasing activity by square footage has steadily increased to the highest level since 2022, indicating significant demand exists even as available supply dwindles.
“Heading into the new year, we anticipate construction starts for industrial product to trend back towards long-term historical levels as the market outlook normalizes in the post-election period and capital markets environment,” the report states.
Georgia has long been an industrial powerhouse at nearly 1 billion square feet of industrial space.
“Still, the Port of Savannah’s rapid growth, the nation-leading business-friendly environment, and the state’s growing population will continue solidifying that position,” Hoag said.
Logistics hubs such as UPS and FedEx are nearby, and the Northeast Georgia Inland Port provides a direct link to the Port of Savannah through the Norfolk Southern railroad.
In November, Alliance Industrial broke ground on Ironhead Commerce Center, a four-building, 906,271-square-foot industrial park in Northlake, Texas. The project is in partnership with Barings.