PRIMARY CONTACTS
BRITTON BURDETTE Senior Managing Director
britton.burdette@jll.com
404.995.2302
JIM FREEMAN
Managing Director jim.freeman@jll.com
404.995.2399
DENNIS
MAGGIE
DEBT + STRUCTURED FINANCE
BOBBY NORWOOD
Managing Director
bobby.norwood@jll.com
404.460.1652
AUSTIN KRIZ, SIOR
Executive Managing Director austin.kriz@jll.com
703.314.9801
LEASING CONTACTS DEAL
210.870.7547
ROYCE
On behalf of Ownership, Jones Lang LaSalle America, Inc. (“JLL”) has been retained as the exclusive sales representative for Cartersville Logistics Park Building 100 (“Property”) – a 100% leased, 250,874 SF Class-A warehouse facility located within the Cartersville, Georgia industrial market. The bulk warehouse facility is situated in a state-of-the-art logistics park that is well positioned to attract a high-quality labor base. Just 1 mile from I-75, the Property sits within Atlanta’s I-75 North submarket – one of Atlanta’s fastest growing industrial submarkets. The institutional-quality asset presents the opportunity to enter a market where established institutional owners and major developers have created a significant presence, despite the considerable topographical barriers to entry that limit development along this corridor. Similar bulk product (200k SF+) within three miles of the Property have seen strong rental rate growth of 9% over the past two years while the vacancy rate has fallen precipitously by 45% over the same period. This trend is expected to continue, driven by favorable market dynamics such as a strong net absorption of 2.4 million SF over the past year and 0 SF of new supply currently under construction.
The Property is fully conditioned and 100% leased by CEVA Government Services, LLC (“CGS”). Founded in 2008, CGS is the dedicated government contracting business unit for CEVA Logistics in the United States. CGS is wholly owned by CEVA Freight LLC, which, together with CEVA International LLC, guarantees the lease. Both entities are wholly-owned subsidiaries of CEVA Logistics (2024 Revenue: $18.3B), which is ultimately part of the CMA CGM Group (2024 Revenue: $55.5B). The primary CGS business operation at Cartersville Logistics Park is supporting Lockheed Martin’s C-130 Hercules and C-5 Galaxy aircraft. At this location, CGS assembles and distributes “kits of parts” for these aircraft to their next destination, while also warehousing customers’ spare parts inventory on-site. Notably, the Lockheed Martin manufacturing and sustainment site is located just 39 miles away in Marietta, enabling efficient coordination between facilities.
LEASED 5.6 YEARS TERM REMAINING 3.5% RENT ESCALATIONS
CLIMATE-CONTROLLED WAREHOUSE
250,874
• State-of-the-art Class A+ modern logistics facility built in 2022
• 250,874 SF with multi-tenant building design
• 36’ clear height
• Reinforced concrete tilt-wall construction
• Multitenant designed building with 4 store fronts
• Rear-load configuration with 56’ x 44’ column spacing with 60’ speed bays
» 185’ truck court with 60’ concrete apron
» 46 dock high doors and 2 drive-ins
» 8 dock-high doors with mechanical dock pit levelers
» 40 trailer spaces
• 100% climate-controlled warehouse
• Forklift battery charging area
• ESFR fire sprinklers and LED lighting
• Property comes with two (2) points of ingress/egress
• On-site billboard with +/- 500 yards of frontage on I-75, long term potential for additional revenue
• 45-mil TPO roof with 12-years of warranty remaining
• CEVA Government Services, LLC (“CGS”) is the dedicated government contracting business unit for CEVA Logistics (“CEVA”), a wholly owned subsidiary of CMA CMG, and an undisputed world-leading company in the logistics industry, providing solutions at every step of the supply chain
• In this facility, CGS assembles and distributes parts of the C-130 Hercules and C-5 Galaxy aircrafts for Lockheed Martin, as well as warehouses inventory on-site
• The Lockheed Martin manufacturing and sustainment site is located 39 miles away in Marietta, GA
• CEVA has a global network spanning 170 countries
• $18.3b in gross revenue for FY 2024
• Ranks top 3 in contract logistics among the top 100 logistics providers, and top 5 in freight management
• CMA CGM recently overtook Maersk for second-largest container shipping company in the world
# 5 Green Street projects Atlanta to have the 5th highest rent growth over the next 4 years
# 4 Atlanta was the 4th best performing market in the country in 2024 for net absorption
# 1 I-75 North Corridor represents the largest industrial pocket in Atlanta, with approximately 211M SF
# 1 I-75 North Corridor posted the strongest net absorption across the Atlanta MSA in 2024, topping 6.7M SF in total
33.1M Year-to-date leasing volumes are on pace for the 3rd best year in Atlanta history
# 3 Atlanta ranks third across the nation for active tenant requirements
Tenant demand across the Atlanta MSA is surging, highlighted by the signing of 11.6 million SF of leases in the third quarter of 2025. This activity has brought the year-to-date leasing volume to 33.1 million SF with current velocity putting 2025 on track to become the third most active leasing year in Atlanta’s history.
As one of the largest and fastest-growing metropolitan areas in the nation, Atlanta continues to experience robust economic and population expansion. The region’s strong demographic profile and diverse economic base, including major employers in logistics, technology, media, and healthcare, have propelled Atlanta to become the ninth largest economy in the United States.
6.4M 4.7M
POPULATION BASE
ABSORPTION MSA IN THE COUNTRY
7 TH LARGEST 9.6% 6.7% 721M
9 TH LARGEST 10.7M
• The Atlanta I-75 North Corridor has an inventory of 211M SF, representing one of the fastest growing submarkets in the SE with unprecedented tenant demand
• The corridor has a vacancy rate of 7.2% as of Q3 2025, 23% below the Atlanta-wide average of 9.3%
• Rents continue to reach record highs, growing 48% since 2020
• Heavily embedded tenant base from the robust volume of production and assembly operations and many high-finish R&D requirements drive rent growth for investors
• High barriers to entry - rocky soil and difficult topography limit industrial development
• I-75 North Corridor possesses the heaviest truck count in the state
• Second largest amount of industrial labor jobs in Atlanta
• Largest number of resident workers
• Most affordable supply of labor
• With a large production base, the reshoring of production operations to the US along with other foreign direct investments will continue to drive outsized industrial performance in the I-75 North Corridor
Rent growth across the Atlanta industrial market remains robust with Q3 2025 posting a record high average rent of $7.14 (growing at a 12% CAGR over trailing 5 years)
Completion volumes are down 62% YoY and are at their lowest point since 2015
Tenant demand continues to be strong with approximately 51M+ SF of active tenant requirements. Ranked 3rd nationally in 2024 for total demand (by SF)
113M SF of net absorption since 2020 (16% of total inventory)
Second highest net absorption by submarket in Atlanta for 2024
• The World’s leading provider of energy solutions for residential, commercial, and industrial buildings
• The largest solar investment in American history
» Investment plans of $2.5B to expand its manufacturing capacity in Georgia will create a total of 2,500 jobs
» The Q Cells Dalton factory is the largest manufacturing plant of its kind in the Western Hemisphere
» Q Cells just completed the $171M expansion of their Dalton factory this past October, adding 500 jobs and 2 gigawatts of solar capacity
» This brings the factory’s output to over 5.1 GW and increases their production capacity from 12,000 to 30,000 solar panels a day
» The $147M investment of a second facility in Cartersville opened in 2024, creating 2,000 jobs
» Q Cells will be able to build 8.4 gigawatts of panels annually in their Georgia facilities
• Largest solar investment in American history
• Creates 2,500 well-paying jobs across Georgia, many of which won’t require a four-year degree
• A global leading battery manufacturer for electric vehicles
• $700M in grants, tax breaks, and free infrastructure to build a $5B battery factory in Bartow County
» 3rd $5B project in the state’s history
» Joint venture with Hyundai to supply Hyundai’s and Kia’s batteries
» Aiming to complete the project by the second half of 2025
» The project will create 3,500 new jobs in Bartow County
• The facility will manufacture 35 gigawatt-hours of batteries annually, supporting the production of 300,000 EVs a year
• Multiple parts suppliers have announced new facilities nearby to supply the plant
• Demonstrates SK’s commitment to Georgia
» SK’s second large investment in the area following their $2.6B investment in an EV battery facility in Commerce, Georgia in 2022
• The $5B investment by SK Battery Plant and Hyundai is one of the largest in Georgia history, significantly expanding the labor force in the area
• The plant will provide over 3,500 new jobs
• Total capacity of these two facilities will generate enough electricity to power 1.3 million households in America annually
• Will produce an exceptional amount of clean-energy vehicles
• The Appalachian Regional Port (ARP) opened in August 2018 and has experienced explosive growth. Current throughput sits at 37,000 - a 9% increase YoY
• Through April 2025, ARP has handled 9,902 container by rail, up 120% from the same four-month period in 2024
» 10-year development plan that will double the current capacity from 75,000 containers per year to 150,000
• APR sits on 42 acres in NW Georgia’s Murray county and provides a powerful new gateway of import goods to the Sunbelt and Midwest, along with export goods to all global markets
» This will continue to drive tenant requirements to the I-75 N submarket as the port grows
• With easy access to I-75 and US-411, both Birmingham and Nashville are within a 3-hour drive, and downtown Atlanta can be reached in under 1 hour
• The inland port offers exclusive CSX service on a direct, 388-mile rail route to / from the Port of Savannah’s Garden City Terminal
75,000
CONTAINER CAPACITY PER YEAR
TRUCK MILES OFFSET PER CONTAINER 710
6,000 ft
OF WORKING TRACKS
2,975 TEUs EXCLUSIVE ACCESS CSX PORT VOLUME 75%
STORAGE CAPACITY
• New 5.7-mile highway project that will connect US 411 with Old Grassdale Road
> Includes new interchange on I-75
> Est. Construction start in 2029
> Cartersville Logistics Park is located under one mile away from the proposed Rome Bypass, potentially providing dual-access to the Region’s premier thoroughfare Old Grassdale Road
• Rome Bypass will serve to:
> Improve freight movement between US 411 and the I-75 N corridor
> Shorten commute time to Cartersville, GA for the extremely dense labor pool residing in Rome, GA
BUILDING NAME Cartersville Logistics Park Building 100
ADDRESS 934 Peeples Valley Road Cartersville, GA
SQUARE FEET (SF) 250,874
SITE ACRES 28.14 AC
% OCCUPIED 100%
YEAR BUILT 2022
CONSTRUCTION TYPE Reinforced Concrete Tilt-Wall
CONFIGURATION Rear-load
BUILDING DIMENSIONS 900' x 280'
COLUMN SPACING 56'w x 44'd
ROOF TYPE 45 mil TPO
ROOF AGE 2022 (12 Years of Remaining Warranty)
FLOOR 7” thick, 4,000 PSI slab
CLEAR HEIGHT 38'
DOORS - TOTA l 46 (8 with 35,000 lb Mechanical Levelers)
DOCK HIGH DOORS 46
GRADE LEVEL 2
AUTO PARKING 186 spaces
TRAILER PARKING 40 spaces
TRUCK COURT DEPTH 185'
HVAC Warehouse
INTERIOR LIGHTING LED
FIRE PREVENTION ESFR
ZONING I-4 Industrial
OFFICE (%) 2,837 SF (1.1%)
ELECTRIC 2,000 Amp
Cartersville Logistics Park – Building 100 250,874 SF Ceva Government Services 250,874 SF 7/31/2031 LXD
The I-75 North Corridor stretches from I-285 in Metro Atlanta to Chattanooga, TN and has one of the highest truck traffic counts in the country due to its ability to provide rapid access throughout the Metro Atlanta area and greater Southeast and Midwest regions. Robust population growth and thriving industries, particularly e-commerce, flooring and automotive, are driving unprecedented demand for state-of-the-art distribution and manufacturing facilities throughout the corridor. The I-75 North Corridor is the top performing submarket, ranking 2nd in net absorption across all Atlanta submarkets in 2024, and is poised for tremendous growth.
POPULATION: 212,775
POPULATION GROWTH SINCE 2010: 3.20%
MEDIAN HOUSEHOLD INCOME: $67,630
BACHELOR’S DEGREE (25+): 12.20%
The I-75 North Upper Portion has one of the lowest historicalvacancy rates in the Southeast, averaging 1.6% in 2024. Limited speculative development has helped maintain low vacancy rates and restricted a competitive market. The Upper Portion is poised for demand as high barriers to entry in the Chattanooga market push users south.
• Tenby Partners – 2.2 MSF
• Barrett Properties – 882 KSF
• Dossche Holdings – 600 KSF
• InLight - 523 KSF
NOTABLE OWNERS
LX PANTOS - 1.1 MSF
• Brennan – 552 KSF
• Gladstone – 504 KSF
• Oak Street – 311 KSF
NOTABLE TENANTS IN THE MARKET:
• Mohawk
• Shaw
• Q-Cells
2024 POPULATION: 567,230
POPULATION GROWTH SINCE 2010: 21.72%
MEDIAN HOUSEHOLD INCOME: $88,234
BACHELOR’S DEGREE (25+): 21.40%
In 2024, the I-75 North Middle Portion absorbed over 5.8 MSF of product. Rental rates have increased by 89% since 2017 demonstrating a growing demand for this section of the submarket. Vacancy significantly increased due to a record high deliveries of 5.4 MSF in 2022 and 11.4 MSF in 2023, but has since decreased as tenants have begun to absorb the new product.
• IDI Logistics – 3.1 MSF
• MDH Partners – 2.6 MSF
• Core5 – 1.8 MSF
• InLight – 1.5 MSF
NOTABLE OWNERS
• Ashley Capital – 3.6 MSF
• LXP Industrial Trust – 1.6 MSF
• KKR – 1.5 MSF
• Thor Equities – 1.4 MSF
• Samsung NOTABLE TENANTS IN THE MARKET:
• Amazon
• Lowe’s
• LG Hausys
• Anheuser-Busch
• Vanderlande
• 100% Freeport inventory tax exemption - all inventory is eligible for tax exemption in Bartow and Gordon Counties. “Game changer” in bringing new tenant requirements to the I-75 North Corridor
• Positive dynamics of the I-75 North Corridor have attracted institutional owners and developers
• High barriers to entry for new industrial development:
» Rocky soil and difficult topography limit industrial development in the north
» Heavy residential areas, natural lake barriers, universities and more limit development to the south
2024 POPULATION: 785,427
POPULATION GROWTH SINCE 2010: 14.15%
MEDIAN HOUSEHOLD INCOME: $101,747
BACHELOR’S DEGREE (25+): 32.40%
The I-75 North Infill Portion posted 250 KSF of net absorption in 2024. Since 2017, rental rates have increased over 79%. The Infill Portion is historically known for smaller shallow bay/ light industrial product which produces higher rents due to a smaller average lease size as well as its proximity to the Atlanta MSA.
• Hartz Mountain Industries – 1.4 MSF
• Shaheen & Co. – 1.3 MSF
• TA Realty – 1.3 MSF
• The Arden Group – 1.1 MSF
NOTABLE OWNERS
• Prologis – 5.8 MSF
• Blackstone – 5.4 MSF
• EQT Real Estate – 1.5 MSF
• Clarion Partners - 1.2 MSF
NOTABLE TENANTS IN THE MARKET:
• Lockheed Martin
• Atlanta Bonded Warehouse
• FedEx
• Yamaha
» I-75 Northwest corridor possesses the heaviest truck count in the state
• Heavily embedded tenant base of production and assembly operations and many high-finish R&D requirements drive rent growth for investors
• Impeccable access to both working and highly skilled labor
» Population growth rates since 2010 – 16.51% within a 60-minute drive
» Nearly 28.80% of the population within a 60-minute radius possesses a bachelor’s degree, while 17.70% possess a graduate/professional degree
» Manufacturing/R&D base within the corridor provides skilled labor
Cartersville Logistics Park Building 100 is situated in the heart of the burgeoning Cartersville micromarket. This location in Bartow County represents one of the most desirable locations in the Atlanta Northwest Industrial Submarket and the state of Georgia. Institutions and tenants alike prefer Bartow County for its multiple access points to I-75, proximity to the inland Appalachian Regional Port, and access to a dense, high-quality labor pool. The Bartow County industrial micro market has seen massive demand in the last three years, which has attracted institutional development all throughout the county along the I-75 corridor from Emerson to Adairsville. Bartow County sees some of the highest truck traffic counts in the state of Georgia. Additionally, Bartow County consistently registers an equal or higher level of net absorption as a percentage of total inventory vs. Atlanta Northwest Industrial Submarket as a whole. Since 2020, Bartow County has absorbed 32.16% of its inventory versus Northwest I-75’s 10.81%.
Exceptional logistical access to I-75 High quality (growing) labor pool
Highest daily truck count in the state (I-75N Corridor including Cobb,
ATLANTA INTERNATIONAL AIRPORT
TRUE TENANT:
CEVA GOVERNMENT SERVICES
250,874 SF (100% of the Property)
LXD: 7/31/2031
• Founded in 2008, CEVA Government Services, LLC is the dedicated government contracting business unit for CEVA Logistics
• The primary business operation at Cartersville Logistics Park is assembling and distributing parts of the C-130 Hercules and C-5 Galaxy aircrafts for Lockheed Martin, as well as warehousing inventory onsite
PARENT COMPANY: CEVA LOGISTICS
Tenancy CEVA Government Services
Guarantor CEVA Freight, LLC and CEVA International, Inc.
Lease Commencement 10/1/2025
Lease Expiration 7/31/2031
Leased SF 250,874
Lease Structure NNN
This Lease is intended to be a net lease; accordingly, Landlord’s maintenance and repair obligations are limited to the replacement of the Building’s roof, including the roof membrane, and its maintenance of the floor slab, foundation, and exterior walls, including but not limited to, foundation piers and structural members of the exterior walls, reasonable wear and tear and uninsured losses and damages caused by Tenant or a Tenant Party excluded. The term “walls” as used in this Section shall not include windows, window frames, glass or plate glass, doors or overhead doors, door frames, special store fronts, dock bumpers, dock plates or levelers, or office entries, all of which shall be maintained by Tenant. Tenant shall promptly give Landlord written notice of any repair required by Landlord pursuant to this Section. Landlord shall also maintain in good repair and condition and in accordance with all applicable law the parking areas and other common areas of the Property, including, but not limited to driveways, alleys, landscape and grounds surrounding the Premises, the cost of such maintenance, repair and replacement to be paid in accordance with Section 7 hereof. Landlord shall use commercially reasonable efforts to minimize interference with Tenant’s conduct of business in connection with Landlord’s performance of any work described in this Section. Except as provided herein, Landlord shall not be obligated to provide any maintenance, repairs, replacements or services to Tenant or the Premises. All repairs, maintenance and replacements to be made or performed by Landlord shall be performed in a good and workmanlike manner in accordance with applicable laws and regulations.
Except as provided in section above, Tenant shall, at its sole expense, repair, replace and maintain in good condition all portions of the Premises and all areas, improvements and systems exclusively serving the Premises including dock, dock equipment and loading areas, dock doors, plumbing, water, and sewer lines up to points of common connection, entries, doors, ceilings, windows,
interior walls, and the interior side of demising walls, heating, ventilation and air conditioning (“HVAC”) systems, and other building and mechanical systems serving the Premises. Maintenance and repair of the HVAC systems and other mechanical and building systems serving the Premises, and any repairs to the roof, shall be at Tenant’s expense pursuant to maintenance service contracts entered into by Tenant or, at Landlord’s written election, by Landlord (but at Tenant’s expense). The scope of services and contractors under such maintenance contracts shall be subject to Landlord’s prior written approval, such approval not to be unreasonably withheld. Tenant, at its expense, shall obtain a preventative maintenance contract on the HVAC system which provides for inspection and maintenance of such system at least on a quarterly basis, using a contractor which shall be subject to Landlord’s reasonable approval. Tenant shall provide Landlord with an executed copy of the preventative maintenance contract no later than thirty (30) days following the Extension Commencement Date, and thereafter at least ten (10) days prior to the expiration of the then-current contract. Within the fifteen (15) day period prior to the expiration or earlier termination of this Lease, Tenant shall deliver to Landlord a certificate from an engineer reasonably acceptable to Landlord certifying that the HVAC system and all other mechanical systems are then in good repair and working order.
Tenant shall have the right to renew the Lease for one (1) term of five (5) years commencing August 1, 2031 and expiring July 31, 2036 (the “Renewal Term”), by delivering written notice of the exercise thereof to Landlord no earlier than twelve (12) months nor later than nine (9) months before the expiration of the extended Lease Term, TIME BEING OF THE ESSENCE.
Base Rent during the Renewal Term shall commence at a rate equal to the Base Rent rate in effect during the final month of the extended Lease Term increased by five percent (5.00%), and shall increase annually thereafter by three and one-half percent (3.50%) on each August 1st anniversary during the Renewal Term.
The Base Rent payable during the Renewal Term shall commence at a rate equal to the Base Rent rate in effect during the final month of the extended Lease Term increased by five percent (5.00%). Commencing on August 1, 2032, and on each August 1st anniversary thereafter during the Renewal Term, the Base Rent shall increase by three and one-half percent (3.50%) over the Base Rent rate in effect during the immediately preceding twelve (12) month period.
Analysis Begin Date 1/1/26
Scenario 1 Analysis End Date 12/31/29
Scenario 1 Term of Analysis 4 Yrs
Scenario 2 Analysis End Date 12/31/34
Scenario 2 Term of Analysis 9 Yrs
1. Analysis Real Estate Taxes come from ownership's 2025 budget and escalated by 3.0% annually.
BOBBY NORWOOD
Managing Director bobby.norwood@jll.com
404.460.1652
HUNTER GOLDBERG Director hunter.goldberg@jll.com
AUSTIN KRIZ, SIOR Executive Managing Director austin.kriz@jll.com 703.314.9801
LEASING CONTACTS DEAL
CAMPBELL BAKER