Thursday, June 11, 2009

General Mills Breaks Ground on New 1.5 Million Square-Foot Metro Atlanta Distribution Center, Creates over 100 New Jobs

(BUSINESS WIRE)--On Monday, June 8, 2009, General Mills held a groundbreaking ceremony to celebrate the announcement of a proposed $42 million built-to-suit distribution facility that will create 112 new jobs in neighboring Walton County.

General Mills, the world’s sixth-largest food company and makers of products such as Cheerios, Betty Crocker products and Häagen-Dazs, was represented by Sim F. Doughtie, CCIM, SIOR, MCR and President of King Industrial Realty, Inc./CORFAC International of Atlanta, in partnership with William P. Nichols, SIOR and Jim Schnur, CCIM of Corporate Services Consortium, Inc. The site selection process was an 18-month search that covered approximately 175 miles across more than two dozen counties. Doughtie, Nichols and Schnur also assisted General Mills in the selection process to identify the best partner for the construction of their new home in Social Circle. Ultimately, the Rockefeller Group won the development assignment.

“I am honored to have been included as part of a great team to represent General Mills in selecting their new site for their relocation to Georgia and in assisting them with the selection of the development team as well,” Doughtie said. “The Rockefeller Group will be a great developer, owner and manager for this project.”

The purchase of the 130-acre property was closed last Friday, June 5, 2009 in anticipation of constructing a new 1,508,765 square foot rail-served distribution facility that will be constructed to meet LEED certification standards.

“It is my understanding that this new built-to-suit facility will be one of the largest distribution centers ever built in the United States that meets the LEED certification standards for a Green building,” said Doughtie. “It is certainly the largest LEED certified distribution building ever built in the Atlanta market and in the Southeast.”

Jason McCart and Bill Randolph of King Industrial Realty, Inc./CORFAC International represented the Sellers of the 130-acre land parcel located on East Hightower Trail as the Listing Broker.

The City of Social Circle, Walton County, and the State of Georgia worked together to help make this new project a reality. With new construction down and unemployment numbers continuing to rise, General Mills has made a commitment to create new jobs and to make a significant investment in the state of Georgia.

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