A Pennsylvania-based developer has purchased 38 acres of land in Buford to build an approximately 350,000-square-foot industrial and office complex.
According to Steve Rowley, vice president of leasing for Liberty Property Trust, the project — Liberty Business Center — will include two “distribution or business center type of buildings” near the junction of I-85 and I-985.
The property stretches 38 acres across Gravel Springs Road in Buford near the Gwinnett-Hall county line, and will consist of a 235,000-square-foot building and a 120,000-square-foot building. Both will be multi-tenant structures with “your local type services or national warehousing and distribution,” Rowley said.
Liberty currently owns 16 buildings in the metrol Atlanta area, ranging in size from about 30,000 to 280,000 square feet.
Upon the Buford location’s completion, Liberty Property Trust’s footprint in the Atlanta market will total more than 2.5 million square feet of space.
“We look forward to expanding our presence in the Atlanta market,” Rowley said. “Tenant demand remains high across the region and Liberty Business Center at Buford will give us a platform from which to develop high-quality industrial buildings in an exceptional location near the I-85 and I-985 split.”
Added Rowley: “We’ve heard great things about the city of Buford, and they’ve been great to work with so far … it seems like a pro-growth, pro-business city, and that mixes well with what we’re trying to do.”
He said construction will begin later in the year, and the center could likely open by mid- to late- 2016.