Centris breaks ground on 496,195sf industrial and logistics facility in booming Atlanta submarket

Centris Industrial, a private REIT, has broken ground on its Falcon II industrial site in Oakwood, Ga.

The development will consist of three buildings, totaling 496,195 square feet, which are anticipated to be completed in the second quarter of 2023.

“We are pleased to announce the groundbreaking of Falcon II, the second of two transactions announced alongside the formation of Centris, and look forward to expanding our industrial presence in Atlanta's largest and most active industrial submarket,” said Michael Podboy, CEO of Centris.

“Over the last three years, the I-985 corridor has experienced over 4 million square feet of absorption in newly developed product, creating a significant opportunity for CA [Industrial] to capitalize on the strong demand for class A industrial sites,” added Steve Rowley, chief investment officer and Southeast market officer for Centris.

The 44-acre Falcon II site comprises three buildings and is strategically positi