Panattoni Development Co., an international real estate development company, has filed for a development of regional impact review for a 1-million square-foot warehouse in Bartow County. According to the application filed with the state, the warehouse would be built on 122 acres off Spring Place Road in Rydal.
Panattoni Development Co. , which has an “A list” — if not higher — of warehouse clients including Home Depot, Hewlett-Packard, Unilever and others is behind the project. The Cartersville Bartow County Department of Economic Development already has a featured page on its website (click) for the project named Spring Place Logistics Center.
The regional impact application now goes before the Northwest Georgia Regional Commission for review. The cost at build out — expected by 2019 — is $60 million with estimated annual tax revenues of $500,000. It is expected to produce 1,680 vehicle trips per day. The property is currently zoned agricultural and would have to be rezoned to industrial for the project, according to Brandon Johnson with Bartow County’s Zoning Department. A public hearing would be held once the rezoning application is filed with Bartow County.
According to Executive Director Melinda Lemmon, the property’s broker is listed as NAI Brannen Goddard, a commercial real estate firm in Atlanta. “We’ve had the property flyer on the website for some time, but I don’t have any other info…project specific or otherwise,” she says.
Panattoni has had past interests in Bartow County, including a previously proposed Cass-White Logistics Park. Danye Pryor, a partner with Panattoni’s Atlanta office, says more information will be released on the Spring Place project later this week.
About Panattoni: “Since inception, the company has developed more than 266 million square feet of space in more than 278 cities. Since 2011, Panattoni has developed an average of +/- 12,000,000 square feet of industrial space per year. The company’s U.S. operations are headquartered in Newport Beach, CA and operate from 14 offices in the United States covering all major industrial hubs.” (from the corporate website)