Prologis JV to develop warehouse and distribution center in Atlanta

JLL Capital Markets has arranged an equity partnership for the development of a build-to-suit Goodyear Distribution Center, a 1.5 million-square-foot warehouse and distribution center in the suburban Atlanta community of Newnan, Ga.

JLL worked on behalf of Prologis to arrange the equity partnership with Stonemont Financial Group to fully fund and own this new facility for Goodyear.

Situated on 147 acres at the intersection of Interstate 85 and Georgia Highway 16, Goodyear Distribution Center is currently the largest build-to-suit industrial project under construction in the Atlanta metropolitan area. The facility will be constructed on a former golf course that was repurposed into an industrial park and expected to be completed in March 2021.

“Having this project land in Atlanta is important for the city and demonstrates the many advantages the market has in attracting large-scale distribution operations to the area,” said Britton Burdette, managing dire