Denver-based real estate developer The Broe Group recently announced the acquisition of a rare infill redevelopment opportunity within Atlanta’s in-demand I-20W submarket. The asset is a former Kellogg’s Manufacturing Facility located at 5601 Bucknell Drive SW that spans 14 acres.
Broe Real Estate Group’s (BREG) plans for the site are to develop a 225,000-square-foot, build-to-suit industrial facility that will boast unparalleled last-mile rail, port, and market access to the Southeastern U.S. region. Redevelopment of the property is slated to begin immediately with pad-ready construction forecasted for February 2025.
“This build-to-suit project bundles proximity, power, and population centers,” said BREG Senior Vice President, 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 premier submarket is also home to industry giants including UPS, Amazon, Lowe’s, Google, and Walmart. Broe’s new industrial facility will also have rail service from Fulton County Railroad, one of four OmniTRAX railroads in Georgia that connect customers to the North American rail network.
“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 Broe Group and its affiliated companies acquire, develop, and manage office and industrial properties; medical office buildings; and multifamily communities across the country, including top-tier assets in many of the most highly coveted markets. The group’s recent acquisition follows the successful development and leasing of 2 million square feet of industrial space at Savannah Gateway Industrial Hub — a 2,600-acre, master-planned, multimodal logistics park located near the Port of Savannah.
“I-20 West is a premier logistics location for metro Atlanta and the Southeastern United States,” said CBRE Senior Vice President, 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.”
Former Kellogg manufacturing facility at 5601 Bucknell Dr. SW in Atlanta, Ga. Property image courtesy of CommercialEdge.com
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