Panattoni Preps Pad for 1.5 MSF Spec Building at Lambert Farms
WASHINGTON, D.C. – (RealEstateRama) — Panattoni Development Company today said it started grading a site for a speculative distribution center of up to 1.5 million square feet at its Lambert Farms development in Henry County, south of Atlanta.
This comes on the heels of Panattoni and JLL Atlanta securing a full-building lease with upscale designer Tory Burch for the first spec building at Lambert Farms, a 753,000-square-foot distribution center.
A JLL team led by Executive Vice President Wit Truitt, Senior Vice President Chris Tomasulo and Associate Reed Davis, who leased the first building at Lambert Farms, also will market the second building.
Panattoni expects to announce a start date for construction on the new building later this month.
About Panattoni
Founded in 1986, Panattoni Development Company, Inc. is one of the largest privately held, full-service development companies in the world. Panattoni operates from 24 offices in the United States, Canada and Europe. Since inception, Panattoni has developed more than 250 million square feet of space including more than 80 million square feet of build-to-suit projects. www.Panattoni.com
About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
