February 17, 2020 – JLL Capital Markets has been selected by Atlanta-based Diligent Investment Group to exclusively market for sale Commerce Exchange, an ±85-acre development site entitled for industrial and commercial uses along Interstate 85 in the northern Atlanta-area community of Commerce, Georgia.
The Commerce Exchange opportunity comprises ±49 acres zoned for industrial uses and 35 acres zoned for commercial uses. Recently, a specialty restaurant supplier closed on a 21.47-acre portion of the site, which, prior to this sale, totaled ±105 acres. The purchaser plans to construct a 150,000-square-foot distribution facility that will be expandable up to 200,000 square feet.
Located at 1050 Steve B. Tanger Boulevard next to the Tanger Outlets, the land site is approximately 55 miles from downtown Atlanta, has 2,100 linear feet of frontage along Interstate 85 and immediate access to the interstate, which serves as the industrial backbone of the Southeast. Commerce Exchange is proximate to the SK Innovation site, which, upon completion, will be a two million-square-foot supply factory expected to be a $1.67 billion investment. Additionally, tenants will have access to major Atlanta-area transportation channels, including Hartsfield-Jackson Atlanta International Airport, the busiest operations airport in the world since 2005, and three major railways, CSX, Norfolk Southern and BNSF.
The JLL Capital Markets team marketing the property on behalf of the seller is being led by Senior Director Jamie Smithson and Analyst Conor Welton.