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CenterPoint has made another investment in the Atlanta market, the fourth since it set its sights on the metro less than a year ago, acquiring the 250,874-square-foot, Class A warehouse at 934 Peeples Valley Rd. in Cartersville, GA.
“This acquisition strategically expands our portfolio and gives us a foothold in I-75 North, which has been a target submarket of ours due to its strong labor, manufacturing base and absorption history,” said Roy Rosenbaum, CenterPoint’s East Region Senior Vice President of Investments.
CenterPoint’s East Region Investment Officer, Thomas Howard, also underscored the submarket’s outlook and fundamentals, driven by a diversifying manufacturing base drawing on a deep labor pool of nearly half a million resident workers within a 30-minute drive, according to market experts.
“The I-75 North corridor is Georgia’s heaviest trafficked freight artery, connecting Atlanta to the broader Midwest. Northwest Georgia’s legacy as the flooring capital of the world is now evolving thanks to a new wave of advanced manufacturing, some of which is based in Cartersville,” Howard said.
A trio of Korean companies has made significant investments in Cartersville. Hyundai and automotive electric battery manufacturer SK On are completing a $5 billion EV battery factory, and Hanwha subsidiary Qcells has similarly invested billions in Georgia manufacturing sites, including a solar panel component facility in Cartersville, completed in 2024.
“These projects are generating supplier demand that will continue to drive industrial occupancy across Northwest Atlanta, further supported by Bartow County’s Freeport inventory tax exemption and high barriers to new supply,” Howard explained.
“Vacancy is on the downswing, and absorption continues to be strong in the I-75 Northwest submarket. New, well-outfitted assets such as 934 Peeples Valley will be exceedingly hard to replicate in this location, given how little land is available in the immediate Cass-White corridor for industrial development,” Howard finished.
The fully leased warehouse features full HVAC, a clear height of 36 feet, 46 dock-high and two drive-in doors, and covers just 21 percent of the property, allowing for parking for 38 trailers and 177 cars, with separate car and truck entrances.
CenterPoint’s East Region portfolio has grown to 100 assets, totaling 22 million square feet in New York/New Jersey, Lehigh Valley, PA, Charleston, SC, Savannah, GA, Atlanta, and South Florida.
Read more about CenterPoint’s other Atlanta-area acquisitions.
For CenterPoint Investment, Development, and Asset Management inquiries in the East Region, please contact:
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