Groundbreaking ceremony for Andersen Corp.’s manufacturing facility in Locust Grove, Ga. Picture courtesy of Andersen Corp.
Door and window producer Andersen Corp. has begun building on a brand new $420 million, 638,000-square-foot manufacturing and distribution facility in Locust Grove, Ga., for its Renewal by Andersen division.
Development is predicted to be accomplished in late 2024, with operations starting in 2025. Clayco is the venture’s basic contractor.
Locust Grove is in Henry County and about 35 miles south-southeast of Atlanta alongside I-75.
The venture is being constructed at The Cubes at Locust Grove and will probably be Renewal by Andersen’s first manufacturing facility in Georgia, becoming a member of an Andersen Logistics distribution middle in Douglasville, Ga.
In a ready assertion, Locust Grove Mayor Robert Worth referenced the worth of a deliberate I-75 interchange roughly 3 miles north of Locust Grove.
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Andersen Corp. is one in every of North America’s largest window and door producers and together with its subsidiaries operates greater than 20 manufacturing and distribution amenities. Renewal by Andersen is Andersen Corp.’s full-service window substitute division, which manufactures, sells and installs substitute home windows throughout North America.
Calming market
In June, NVH Korea signed a lease for a 234,000-square-foot constructing at Scannell Properties’ Gardner Logistics Park in Locust Grove. The corporate is headquartered in Ulsan, South Korea, and manufactures a various vary of automotive elements, together with battery components for Hyundai and Kia electrical autos; components for controlling automotive noise, vibration and warmth; and ground mats, cargo mats and cargo trays.
The metro Atlanta industrial house market is seeing demand moderating from pandemic peaks, with leasing and internet absorption each declining considerably year-over-year, in keeping with a third-quarter report from CBRE.
One other issue is a record-setting 12.7 million sq. ft of deliveries within the third quarter, basically all of it speculative. Not surprisingly, common emptiness rose to five.8 p.c, the best degree in nearly three years.
The Southeast I-75 submarket has seen practically 4.3 million sq. ft of internet absorption year-to-date, on a listing of 71.5 million sq. ft, leading to a 5.0 p.c whole emptiness. Area underneath building totals 5.2 million sq. ft, CBRE experiences.
