The Broe Group Acquires Former Kellogg’s Manufacturing Facility, Plans Largest Shovel Ready Rail Real Estate Site in Fulton County

Staff Report From Georgia CEO

Monday, December 9th, 2024

The Broe Group, a multi-billion-dollar infrastructure company, has acquired 5601 Bucknell in Georgia’s dynamic Fulton County Industrial District. The 14-acre acquisition provides a rare infill redevelopment opportunity within Atlanta’s premier I-20W submarket that houses industry giants including UPS, Amazon, Lowes, Google, and Walmart. Broe Real Estate Group (BREG) plans to develop a 225,000 SF build-to-suit industrial facility with rail service from Fulton County Railroad (FCR), one of four OmniTRAX railroads in Georgia that connect customers to the North American rail network. 

“This build-to-suit project bundles proximity, power, and population centers,” said BREG SVP Kevin Caille. “With seven megawatts of power, direct rail service, and exceptional market access, this site is the best parcel in the best market and holds unlimited potential for industrial manufacturing and distribution facilities.”

The institutional quality rail-served industrial redevelopment will provide unparalleled rail, port, and market access to the Southeastern United States. With demand for Atlanta Proper industrial space at record levels, redevelopment of the site begins immediately. Pad ready construction is forecasted for February 2025. 

“I-20 West is a premier logistics location for Metro Atlanta and the Southeastern United States,” said CBRE SVP Mark Hawks, BREG broker for the acquisition. “The 20 West industrial district serves as Atlanta’s infill submarket and offers extraordinary market access through the world’s busiest airport, the North American freight rail network, and immediate access to Atlanta’s three converging interstate systems.”  

“5601 Bucknell is a prime example of Broe’s market differentiator that pairs rail and real estate to create optimized logistics facilities,” said OmniTRAX Chief Commercial Officer Ryan Higgins. “This project leverages our existing Fulton County Railroad service with an exceptional urban site that can serve 80% of U.S. population centers. We are excited to unlock its full potential.”

The acquisition follows BREG’s successful development and leasing of two million square feet of industrial space in Savannah Gateway Industrial Hub. Founded by Colorado billionaire Pat Broe in 1972, The Broe Group and its affiliates form a privately-owned, multi-generational infrastructure company with diversified holdings throughout North America.