December 8, 2023
GTIS-Owned Property Secures Five Leases at Forsyth County Industrial Development
Lincoln Property Company Southeast (Lincoln) has secured five leases at Forsyth 400 Commerce Center, a two-building industrial complex in Cumming, Georgia.

American Journal of Transportation

Lincoln Property Company Southeast (Lincoln) has secured five leases at Forsyth 400 Commerce Center, a two-building industrial complex in Cumming, Georgia. The deals, totaling 252,163 square feet, bring the development to 100% leased. Lincoln Senior Vice President Denton Shamburger, Vice President Turner Fortin and Leasing Associate Colin Beecham represented the owner, GTIS Partners, in the transactions.

New leases include:

•Bell Cabinetry & Design, a locally owned and operated cabinet builder and supplier, signed a 66,610-square-foot lease at Building 200.

•A national facility management provider signed a 57,637-square-foot lease at Building 100.

•RavenVolt, Inc. signed a 56,729-square-foot lease at Building 100. The local company is a national supplier of PV, generator, battery, EV charging and microgrid systems.

•Gateway Classic Cars, a luxury car wholesaler, signed a 43,587-square-foot lease at Building 200.

•Bobst North America, Inc., a supplier of machinery and services to packaging and label manufacturers in the folding carton, corrugated board and flexible material industries, signed a 27,600-square-foot lease at Building 100.

 

“The industrial boom in Georgia continues to outshine other top markets across the country, and the need for top-of-the-line products to accommodate this growth remains strong,” said Lincoln’s Fortin. “We completed construction on this development in October of last year, and these signings show how immense and consistent the demand is for quality, Class-A industrial space in Metro Atlanta. Forsyth 400 provides direct access to consumers in the state’s wealthiest county and lies in one of the most attractive industrial submarkets in the region.”

Forsyth 400 offers a premier showcase design for tenants, offering ample storefront glass that is ideal for these types of retail, manufacturing and commerce users. The center is located on a 21-acre site along Ronald Reagan Boulevard, less than one mile off GA-400 in Cumming, Georgia. It offers up to 252,163 square feet of industrial space, with the buildings totaling 110,197 square feet and 141,966 square feet respectively.

Both buildings feature 29 dock-high doors, two drive-in doors, 1200 amp electrical service, LED motion-sensored lighting, up to 252 parking spaces and rear-load configuration. Forsyth 400 Commerce Center is conveniently located near several major developments, such as the mixed-use development Halcyon in Forsyth County as well as thousands of rooftops.

According to a report from Lincoln, the North Central Atlanta industrial market boasted a vacancy rate of 4.9% in Q2 2023, one of the smallest out of the submarkets in Metro Atlanta. The region also saw positive absorption of 78,277 and currently has 270,500 square feet of new industrial development under construction.

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