OA Development Breaks Ground on Industrial Development Near Atlanta Airport
Thursday, September 22nd, 2022
OA Development, an Atlanta-based commercial real estate firm, has broken ground on the latest Class A, light industrial development virtually adjacent to Hartsfield-Jackson Atlanta International Airport. Plans for Victory Landing Logistics Center include five state-of-the-art buildings totaling 700,000-sq. ft. on the largest track of available land adjacent to Interstate 285 in south Atlanta. Phase I of the industrial park is expected to be complete next summer. The industrial development, in combination with planned road improvements, represents an $83 million investment in Clayton County.
“This is one of, if not the, most highly desirable last-mile locations within two miles of the busiest aviation port in the world,” explains Steve Berman, founder and principal, OA Development. Victory Landing is situated on 90 acres along Conley Road (that becomes Charles Grant Parkway) in Clayton County that provides direct access to airport within five minutes with the Old Dixie Road underpass complete. Interstate 285 and Gilbert Road provide east and west borders to the site.
Phase I of the industrial park includes three buildings suitable for office and warehouse that feature 32-foot clear heights. Building 100 (appr. 147,000 sq. ft.) and Building 500 (appr. 220,000 sq. ft.) are set to deliver spring 2023. Building 200 (appr. 150,000 sq. ft.) is expected to be complete next summer. The additional two build-to-suit or speculative buildings with approximately 70,000 sq. ft. and 105,000 sq. ft are planned for phase II of the development. Roughly 30 percent of the site is designated green space and wetlands, providing a park-like setting.
“It has been years since a new ground-up industrial development this close to the airport has come online,” says Pat Murphy, managing director, Cushman & Wakefield. “Locating at this site would make the most sense for food and beverage distributors, ecommerce businesses, and third-party logistics operators at the very least, but certainly any national and international company requiring significant logistical access would also be a good fit.” Cushman & Wakefield, a leading global real estate services firm, is marketing the Class A property as the exclusive leasing agent for OA Development.
“OA has been assembling this tract for two decades,” explains Berman. The real estate firm acquired the original 55-acre site in 2001, and subsequently assembled the additional 35 acres. Adding to the site’s desirability are infrastructure improvements to Gilbert Road that further enhance the multi-modal connectivity to global markets. Three access points along Gilbert Road provide exceptional accessibility for light industrial use.