Lingerfelt and SCOA Launch Major Industrial Development Initiative

Lingerfelt and SCOA Team Up for New Industrial Project

Lingerfelt is excited to reveal its collaboration with SCOA Real Estate Partners (SREP) on a groundbreaking venture focused on developing the TriPoint Distribution Center. This project is a significant addition to the landscape of industrial real estate, addressing the increasing demand for industrial spaces while tackling the challenge of limited supply.

Unveiling the TriPoint Distribution Center

Located near major transportation routes, the TriPoint Distribution Center is set to become a state-of-the-art facility spanning an impressive 347,760 square feet. Its strategic location enhances logistics capabilities, ensuring that businesses can efficiently distribute their goods.

The Developers' Vision

Joe Zagranski, President and CEO of SCOA Real Estate Partners, expressed enthusiasm for this partnership, recognizing Lingerfelt’s exemplary track record in real estate development. This collaboration aims to not only create an impressive structure but also generate significant economic growth in the area, with the potential to add approximately 1,400 jobs.

Delivering on a Shared Commitment

In his remarks, Rob Valentine, Principal at Lingerfelt, highlighted the shared commitment of both developers to providing innovative industrial solutions that meet market demands. This project is expected to attract various businesses seeking modern facilities that cater to today’s logistics needs.

The Importance of Strategic Partnerships

By partnering with SCOA Real Estate Partners, Lingerfelt is leveraging their combined strengths to tackle the logistical challenges faced in many regions. The collaboration is designed to deliver projects that not only serve immediate needs but also contribute to long-term economic growth.

Key Project Details

Construction for the TriPoint Distribution Center commenced recently, with a completion timeline set for the near future. The developers have chosen ARCO as the general contractor and enlisted the expertise of CBRE for leasing and marketing efforts. This lineup ensures that the project is managed by top-tier professionals in the industry.

About Lingerfelt and SCOA

Lingerfelt has established itself as a leader in real estate development and investment, known for its innovative projects that enhance community value. Focused on commercial real estate, Lingerfelt’s partnership with SCOA Real Estate Partners will further its mission of providing high-quality developments.

SCOA Real Estate Partners, based in Atlanta, Georgia, is dedicated to developing diverse communities and logistics facilities. Their approach emphasizes building trust within the communities they serve, ensuring sustainability and quality in every project.

Frequently Asked Questions

What is the purpose of the TriPoint Distribution Center?

The TriPoint Distribution Center aims to meet the growing demand for industrial space while creating job opportunities in the area.

Who are the main developers involved in this project?

The primary developers are Lingerfelt and SCOA Real Estate Partners, combining their strengths for this significant industrial project.

How will this project benefit the local community?

It is expected to generate around 1,400 full-time jobs and stimulate economic activity in the region.

When did construction for the project begin?

Construction started recently, with plans for the facility to be completed in the near future.

What is Lingerfelt's focus in real estate development?

Lingerfelt focuses on delivering high-quality commercial real estate projects that enhance community value and provide returns for investors.

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