This lease follows the original 1,298,700-square-foot lease Kimberly-Clark signed last year in the SouthPort project. The expanded lease will total 1,638,000 square feet, making it one of the nation’s largest distribution centers under one roof in the country.
Oakmont Industrial Group President Richard Rider credited the spec project's financial backers and innovative design for securing the additional commitment from Kimberly-Clark.
"Our capital structure through strategic partnerships with Prudential Real Estate Investors and Hunt Investments allows us to embark on speculative projects of this size and scale," Rider said in a statement announcing the agreement.
SouthPort Logistics Center is located in the City of McDonough, approximately 30 miles south of Atlanta in the Henry County/I-75 submarket. The building provides immediate access to I-75 via Georgia Highway 20. The Henry County location is emerging as a preferred logistics node for goods brought in through the Southeastern seaports of Savannah, GA, Charleston, SC, and Jacksonville, FL.
Oakmont’s Atlanta-based design and construction team includes The Conlan Company (General Contractor) and Randall-Paulson Architects. Bank of America is providing the construction financing.
Veteran Atlanta industrial brokers Greg Haynes and Todd Barton of CB Richard Ellis represented Oakmont, while Kimberly-Clark was represented by Matthew Stauber of Colliers Bennett & Kahnweiler, along with Ben Logue and Price Weaver of Colliers Spectrum Cauble.
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source: costar.com
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