Multi-building industrial park can accommodate up to 2.8 million square feet of current and future development
JLL Atlanta’s industrial brokerage team has been awarded the exclusive leasing assignment for Bright Star Logistics Center. As one of the largest industrial opportunities in metro Atlanta, this multi-building industrial park in Douglasville features 855,000 square feet of existing warehouse space, a 271,875-square-foot spec cross-dock facility, and land to accommodate an additional two million square feet of development. JLL Managing Directors Chris Tomasulo and Bob Currie, Executive Vice President Reed Davis and Senior Vice President Brad Pope will lead marketing and leasing efforts for the center on behalf of the owner, The Silverman Group.
Bright Star Logistics Center is a multi-phase project that consists of two existing and occupied cross-dock buildings, totaling 600,000 square feet, as well as a newly delivered spec building spanning 271,875 square feet. The buildings are equipped with 36’ and 40’ clear heights and abundant automobile and trailer parking spaces. Additional land creates the opportunity for an additional two million square feet of future development.
“Bright Star Logistics Center is an expansive, state-of-the-art industrial park with the capacity to serve the needs of a rapidly growing, large-scale industrial user,” said JLL’s Tomasulo. “As Atlanta’s industrial sector continues to experience unprecedented growth and momentum, the demand for well-positioned, master-planned centers like Bright Star is stronger than ever, and we’re already seeing significant interest in the center from prospective tenants.”
Located just 20 miles outside of Downtown Atlanta, Bright Star Logistics Center offers immediate access to I-20, and is a 30-minute drive from Hartsfield-Jackson Atlanta International Airport. The park is also in close proximity to FedEx and UPS shipping hubs, as well as CSX and Norfolk Southern intermodal transportation.
“We are very excited to continue to develop Bright Star Logistics Center and work with the JLL team on this assignment,” said Blake Silverman of The Silverman Group. “The additional land that we recently acquired for our project has positioned our firm to build additional buildings of various sizes, including a stand-alone, 1.4 million-square-foot building adjacent to Interstate 20. As demand continues in the marketplace for more modern larger size buildings along the I-20 corridor, we feel we are adequately positioned to accommodate users and their needs.”
According to JLL’s Q3 Industrial Insight, well over 100 tenants are currently surveying the market, with 4.3 million square feet of new deals expected to close before the year’s end. Despite the challenges created by the pandemic, Atlanta’s industrial supply continues to keep pace with demand, signaling another quarter of growth for the sector.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About The Silverman Group
The Silverman Group is a privately owned and operated private equity and real estate development organization based in Basking Ridge, New Jersey. The firm owns and manages over 19,000,000 square feet of office, industrial, retail, and aviation properties as well 4,000 multi-family units throughout the United States. It has over 5,000,000 square feet of commercial space and 2,000 multi-family units currently under development in 7 states.
