ATLANTA — Czarnowski Display Service Inc. has completed lease negotiations to take the entire 569,674-square-foot Hartman V distribution building at 7545 Hartman Industrial Way in Austell, Ga., located at the Hartman Business Center in the I-20 West submarket of Atlanta (pictured below). Jones Lang LaSalle represented the landlord, Founders Properties, in the deal.
The lease will allow Czarnowski to consolidate its existing Atlanta area office, distribution and light production space into Hartman V. The company provides clients tradeshow exhibit and marketing services including design and fabrication, exhibit installation, dismantling, transportation, and rental services. Czarnowski also provides integrated marketing and consulting services, assisting its customers with brand development, tracking and management.
Czarnowski will take occupancy of Hartman V in phases beginning in mid-September to early-October, and its build out of the property will include 34,900 square feet of office space and 78,600 square feet of production space. Warehouse space will total 456,174 square feet. Duane Wood of RDW Companies Inc. provided leasing and construction management services on behalf of the building ownership. RDW Construction Co. LLC will serve as the general contractor for the tenant improvements.
Chris Tomasulo and Steve Grable, senior vice presidents at Jones Lang LaSalle, represented Founders, while Charles Holloway of Carter and Gary Glatter of Cushman & Wakefield represented Czarnowski.
“As far as the market goes, the deal is pretty significant based on the speed which it occurred, based upon its size, and due to the consolidation of operations they have here in Atlanta,” says Tomasulo. “Market wise we’ve seen buildings 10 years old or younger being absorbed significantly quicker than those 10 years and older, which will have some obsolescence.”
Completed in 2008, Hartman V is one of five distribution buildings totaling 1.8 million square feet in Hartman Business Center.
“Looking at the greater Atlanta industrial market, inventory is dwindling at a pretty good rate for spaces 500,000 square feet and above,” adds Tomasulo. “Given the fact that we won’t see speculative development until at least next year, tenants of this size are going to find scarcity for the product they need in the respective submarket they’re looking for. In this particular submarket, the market is full for this type of space. You’d have to go to Henry County to the southeast or up to the northeast area outside Atlanta if you’re a user of that size.”
— Dan Marcec