Grandview Partners acquires industrial development site near future inland port in LaGrange, Georgia

GREENWICH, CT, (January 4, 2024) — Grandview Partners, in partnership with Farpoint Development, recently acquired a prime 134-acre site in LaGrange, Georgia, to develop Lafayette Logistics Park. The site, which can accommodate up to 2 million square feet of industrial space, was purchased from Southpoint Realty Group, LLC.

The site is ideal for a regional distribution and manufacturing hub. It is only six miles from the future West Georgia Inland Port and has direct access to I-85, an integral Southeast logistics corridor connecting major markets from Alabama to Virginia.

Lafayette Logistics Park will be developed in two phases. Phase I will include four Class A industrial buildings ranging from 187,000 to 270,000 square feet. Phase II could accommodate an additional 1 million square feet of Class A industrial facilities. Construction on Phase I is expected to commence in Q1 2024, with delivery targeted for Q4 2024.

LaGrange has seen rapid growth as a manufacturing and distribution hub, with over 40 international and Fortune 500 corporations operating in the area. Notably, KIA Motors’ only U.S. manufacturing facility is approximately 15 miles southwest of the site. The area is also home to several renowned companies, including Walmart, Kimberly Clark, Duracell, Milliken, and Wall Street Journal.

“The LaGrange and surrounding industrial markets are poised for growth, and the state is investing the capital needed to support manufacturing…There is an ecosystem and infrastructure here that fosters growth and innovation, and the West Georgia Inland Port will only improve the connectivity to Atlanta and Savannah.”

— Eric Freeman, Managing Partner, Grandview Partners

Grandview Partners invests in growth-stage markets that benefit from structural changes in real estate, including the reshoring of manufacturing. The focus is on uncovering investment opportunities in markets below most investors’ radars with solid supply-demand fundamentals, as well as significant capital investment, in this case, to bolster logistics capabilities and infrastructure. The Grandview team has owned or developed over 36 million square feet of industrial in over 22 states during their collective history together.

While LaGrange continues to experience significant interest from companies looking for a business-friendly environment, it is a supply-constrained market. According to CoStar, the LaGrange industrial market is nearly at capacity, with just 0.1% of available inventory vacant. Currently, only 150,000 square feet of industrial space is under construction on a build-to-suit basis, alongside approximately 500,000 square feet of speculative space in the pipeline.

“Reshoring manufacturing is a multifaceted endeavor, and many factors must be considered. It is critical to have a deep labor pool capable of meeting the demands of modern manufacturing, which this area has,” said Raj Menon, Chief Executive Officer, Grandview Partners. “Moreover, ground-up development makes sense as the manufacturing boom creates a need for modern facilities and efficient logistics sites.”