Cabot-Seefried Will Develop 281,000-Square-Foot Industrial Building in Austell, Georgia

Real estate investment firm Cabot Properties and industrial real estate developer Seefried Industrial Properties recently closed on 27.45 acres at the Cobb West Business Park in Austell, Georgia. The Cabot-Seefried joint venture plans to develop a 281,000-squre-foot speculative industrial building on the land that will be delivered in the third quarter of 2017.

"This building can accommodate both front and rear loading tenants needing trailer storage in an attractive park environment", said Greg Herren, SVP of Seefried Industrial Properties. "The I-20 West submarket continues to be active with high-quality tenants".

NAI Brannen Goddard represented seller Jadow Realty Company in the transaction. The NAI Brannen Goddard team of Mike Chambers, Jack Haden and Brad Pope has been selected by Cabot-Seefried to market the new building for lease.

About Seefried Industrial Properties

Seefried Industrial Properties was founded in 1984 by Ferdinand Seefried and is still 100 percent privately owned today. Seefried focuses on industrial development in core markets and build-to-suits with corporate tenants and users in first and second-tier markets. It leases and manages approximately 23 million square feet for its institutional and European clients. Seefried's development, construction, leasing, property management and accounting teams firmly believe that client relationships are solidly built on trust and further developed by each individual experience. Seefried is based in Atlanta, with regional offices in Los Angeles, Dallas/Fort Worth, Chicago and Phoenix.

About Cabot Properties

Cabot Properties is a private equity real estate investment firm. The firm is a leading investor, developer and operator of industrial properties throughout North America and the United Kingdom. Formed in 1986, Cabot has invested $7 billion in industrial real estate, managing and operating over 3,500 tenants in more than 150 million square feet

About NAI

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global has more than 375 offices worldwide, with over 6,700 local market professionals, managing over 380 million square feet of property.