SK Commercial Realty, Goldenrod Cos. Ink 367,000-Square-Foot Lease at Silver Comet Industrial Park in Paulding County
Automann Inc., a leading global distributor of truck and trailer parts, will bring over 150 jobs to the area as Phase I development to usher in millions of investment
ATLANTA (May 17, 2022) - SK Commercial Realty (SKCR) and Goldenrod Companies announced today the execution of a 367,000-square-foot lease with Automann Inc. for a new distribution facility that will be located within the Silver Comet Industrial Park in Paulding County, Georgia near Atlanta.
Automann will occupy the entirety of Building I, which will be the first of six new Class A industrial centers to be constructed at the new park. Headquartered in Somerset, New Jersey, Automann is a global distributor of aftermarket truck and trailer chassis and brake components and is developing its Southeastern hub in Paulding County to expand its operations across the region. Automann's expansion will bring more than 150 jobs to the community.
The project is the result of a partnership between SKCR, Goldenrod Companies and Paulding County Economic Development (PCED).
Located on the corner of Bill Carruth Parkway and Laird Road in Hiram, Georgia, Building I will feature 36 foot clear heights, 29 dock doors and 2 drive-in doors for the user. The building is a part of Silver Comet Industrial Park, a 128-acre master-planned industrial complex with several build-to-suit opportunities for a variety of warehousing, manufacturing and distribution users. The park is located just minutes from U.S. Route 278 and State Route 92, both leading to major transportation arteries nearby providing direct access to the greater Metro Atlanta region.
The transaction with Automann represents one of the top 10 largest industrial leases in the state of Georgia so far this year.
"SKCR and Goldenrod are pleased to help bring this transformative project to reality, and the visionary spirit and dedication displayed by the team from Paulding County Economic Development throughout this process will pay dividends for generations to come," said SKCR CEO Hugh Scott III. "The quick lease-up of Building I to Automann reflects strong market demand among manufacturers and logistics providers who seek to enhance their presence in emerging industrial markets like Paulding County. We continue to field a great number of inquiries from other interested parties and look forward to sharing more news on our progress in the months ahead."
"We're all in on pro-business environments in Georgia" said Goldenrod Director of Investments Zac Marquess. "All stakeholders worked extremely hard to create an exceptional project in Paulding."
"This site provides a number of competitive advantages for manufacturers and e-commerce providers who need proximity to an enhanced infrastructure network along with a work-ready skilled labor force," said SKCR Vice President Jeb Gordon. "We believe Automann is a forerunner for similar major projects that will ultimately land in Paulding County for many years to come."
The development is the latest venture between SKCR and Goldenrod Companies, an Omaha, Nebraska-based commercial real estate development and investment management firm. The duo also recently announced a comprehensive renovation of Circle 75, a 17-story, Class A office tower adjacent to The Battery in Cobb County. Both companies continue to seek investment in high growth, business-oriented markets, with the goal to provide a national reach coupled with local knowledge to benefit both tenants and public partners.
Plans are underway for a groundbreaking on Building I in the coming months.
To learn more about SK Commercial Realty, visit www.skcr.com. To learn more about Goldenrod Companies, visit www.goldenrodcompanies.com.
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About SK Commercial Realty
Creating value through meaningful relationships and a commitment to excellence and integrity are the guiding forces that have enabled SK Commercial Realty (SKCR) to become one of the top commercial brokerage firms in the Southeast. Founded in 1985 by Hugh Scott, Jr. and headquartered adjacent to The Battery Atlanta in Cobb County, the firm's one-stop shop approach delivers a comprehensive umbrella of commercial real estate services, including agency leasing for office properties, tenant representation, industrial services and land sales, healthcare real estate, project consulting, investment sales, and property and asset management.
SKCR currently provides real estate services and expertise for over 5 million square feet of premier office, medical and industrial real estate across Metro Atlanta. Each project is overseen by a senior level principal who ensures key objectives are met or exceeded, creating a personalized level of service and flexibility that is often missing from large, corporate brokerages.
Providing holistic support in all service lines, the firm's portfolio of owned and developed properties includes projects such as Circle 75 Office Park, Parkside Terrace East and West, Mansell Three, Hartsfield Centre, Paces Pavilion Medical Center, 620 and 660 Cherokee Street at Kennestone Hospital, Northridge 400 Office Center Preston Ridge Commons and Parkbrooke Professional Center. For more information, visit skcr.com.
About Goldenrod Companies
Originated in 2005, Goldenrod Companies (Goldenrod) hosts a fully integrated platform of Real Estate professionals solely focused on creating the most innovative and beneficial outcomes in the Central United States markets. Goldenrod has the vast experience to manage discretionary capital through Goldenrod Capital Advisors (GCA), its Registered Investment Advisor (RIA), but also lead the cutting edge of Public Private Partnership (P3) space with governmental, education and other public entities partnerships with T&G Investments. We also possess the knowledge, oversight and long-term planning experience necessary to deliver development projects on time and within budget through our service company. We pride ourselves on the people, knowledge and resources to deliver the best results for our partners.
Goldenrod Capital Advisors (GCA) was formed in 2016 to manage the investments of a series of funds, exclusively focused on delivering cash flow and above market, average risk-adjusted returns within the Central United States markets. Today, GCA is uniquely positioned with a large discretionary capital base, which allows us to view and analyze deals before the general market. This specialized approach, coupled with decades of experience and established relationships, allows GCA to execute and close developments with the scale and speed that creates compelling solutions for our investors.
Goldenrod is headquartered out of Omaha, Nebraska, with regional offices in Dallas, TX and Atlanta, GA. For more information, visit goldenrodcompanies.com.