FAIRBURN, GA. — USAA Real Estate Co. and Industrial Developments International (IDI) will develop a 1,145,378-square-foot distribution warehouse for The Clorox Sales Co. in Fairburn. Located within the Southcreek Industrial Park off Interstate 85 south of Atlanta’s Hartsfield-Jackson International Airport, the property will be owned by US Industrial REIT III Distribution, an affiliate company of USAA Real Estate, when completed in February 2011.
The Clorox Sales Co., a subsidiary of consumer-product manufacturer The Clorox Company, signed a 10-year lease on March 20 for the massive cross-docked facility, which will feature 164 docks, 328 trailer storage spaces and an additional 223 auto spaces. The distribution warehouse will be situated on approximately 72 acres in the south Atlanta submarket, the city’s second largest in terms of distribution space.
“Selecting outstanding and easily accessible sites makes sound business ventures for all parties involved,” says Pat Duncan, chairman and CEO of USAA Real Estate Co.
USAA Real Estate recently signed a 10-year lease agreement with Clorox at its Redlands, Calif., location, and is developing a similar build-to-suit property for the Oakland, Calif.-based company in Chicago. Also, USAA Real Estate and IDI recently collaborated on a build-to-suit development in Columbia, S.C., for The Home Depot.
— Brian Lee