ATLANTA (Jan. 13, 2010) - Charlie Brown, one of the pioneering forces behind Atlanta's signature Atlantic Station mixed-use development, clearly is paying attention to the big industrial deals being completed in south Fulton County.
Brown's company, CRB Realty Associates Inc., appears to have tweaked plans for Parkway South, a 465-ace mixed use project proposed for land in Union City, about 10 minutes from Hartsfield-Jackson Atlanta International Airport. According to plans posted on a state of Georgia web site this week, CRB Realty now plans to develop as many as 2.5 million square feet of industrial property at Stonewall Tell Corporate Center, a component of Parkway South.
This would include a mega-bigbox industrial building of between 1 million and 1.6 million square feet, according to plans forwarded to the state by Union City. I bet the recent decision by Kraft Foods Inc. to build a 950,000-square-foot distribution center at Majestic Airport Center III in Union City caught the eyes of Charlie, his son Scott and Debbie Bender, CRB Realty's director of operations and the contact on the project. You see, Kraft will join another well-known consumer products company, Newell Rubbermaid, which consolidated industrial properties at Majestic Airport Center II in 2008.
The state filing gives no indication of when the first phase or overall Parkway South project will be completed. Ornstein-Schuler Capital Partners, LLC of Buckhead is listed as the property owner. We tried to get some information from the Ornstein-Schuler Realty Co. Web site, but it's password-protected.
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