Seefried Properties, along with a U.S. Institutional Partner, have acquired a 53-acre site in Buford with plans to develop a two-building speculative industrial project spanning 626,616 square feet. The site will be known as Gravel 85 Distribution Center. Plans call for a total of 384 parking spaces, 108 trailer spaces and 135’-185’ truck courts.

“Considering the continued unprecedented level of demand for industrial space along the 85 corridor in NE Atlanta, the opportunity at Gravel 85 gives us the ability to deliver two first class rear load buildings at the new diamond interchange of Gravel Springs and Interstate 85. In a market that is getting tougher to find buildable land for industrial, the Gravel 85 project relative to its location, access and presence on I-85 is like finding that diamond in the rough,” said Doug Smith, Senior Vice President of Seefried Properties.

Construction is set to begin this October. Doug Smith, Joseph Kriss and Tripp Ausband of Seefried will be responsible for leasing the project upon completion.

Stuart Bracey of Hughes Commercial represented Seefried in the land acquisition.

The civil engineer on the project is Eberly & Associates; the architect is Randall Paulson Architects.

About Seefried Properties

Founded in 1984 by Ferdinand Seefried, Seefried Properties is a privately held real estate firm that focuses on the development, leasing and management of industrial properties across the United States. The firm primarily focuses on development in core industrial markets and build-to-suits with tenants in core and second-tier markets. Seefried leases and manages approximately 25 million square feet for its institutional and European clients and has developed over 200 million square feet of space valued in excess of $18 billion across 120+ markets. Based in Atlanta, the firm has regional offices in Dallas, Chicago, Los Angeles, and Phoenix.