IPG E-Market Report | June 2024

M ARKET R EPORT

A Guide to Industrial Real Estate in Northeast Georgia

2420 West Park Drive | Hall County

±200,000 sq. ft. industrial facility for lease in Gainesville, GA. Located in Gainesville Industrial Park West, the cross dock warehouse has ±1,200 sq. ft. of office space, 40 dock high doors, 2 drive-in doors, 28' ceiling height, 50' x 50' column spacing, ESFR sprinkler, and 100 paved parking spaces. Convenient to Oakwood, Gainesville, and I-985. Available end of year 2024. Contact Drew or Floyd- #1624 (continued on Page 11)

LOCAL KNOWLEDGE GLOBAL NETWORKS

(For period changes Q2 2023 - Q2 2024 est.)

Data reflects information related to Industrial & Flex Space

(For period changes Q2 2023 - Q2 2024 est.)

Data reflects information related to Industrial & Flex Space

Leslie McFarlin Vice President of Economic Development

Phone: 706-754-7820

Email: leslie.mcfarlin@northgatech.edu

North Georgia Technical College: A Hub for Economic Development and Industry Training

North Georgia Technical College (NGTC) is a longstanding institution within the Technical College System of Georgia. With over 80 years of history, NGTC continues to evolve, offering innovative programs and partnerships to meet the dynamic needs of the local economy and industry.

Our team at Industrial Properties Group recently had the pleasure of hearing a presentation from Leslie McFarlin, Vice President of Economic Development at North Georgia Technical College. Leslie shared with us how their institution operates, the programs they offer, and how they are supporting economic development in our region.

As the first technical college in Georgia,

NGTC has established a strong legacy of education and collaboration. The college operates within a robust network of 22 technical colleges across the state, ensuring that every Georgian is within 30 minutes of a campus.

Dual Approach To Training

1. Academic

Programs:

These programs offer college credit and span from short certificate courses to one semester programs to associate degrees. “We have many transferable courses, especially in our Academic Programs, that can be transferred to the University System of Georgia and other universities... We’ve even had people transfer to Yale and Harvard,” shared McFarlin. NGTC Academic Programs are designed to be flexible and ensure that students are well-prepared to continue their education or to enter the workforce directly.

2. Economic Development

Programs:

These short-term, industry-driven, non-credit certificate programs are tailored to the specific needs of local businesses. NGTC collaborates closely

with companies to design customized training programs that address skills gaps, employment pipelines, and new technological requirements. McFarlin noted “we work very closely with businesses to develop a curriculum that specifically meets their needs. For example, if they don’t have equipment available during work hours, we can train their employees at our facilities using our instructors. We are very nimble in what we can create and provide for business and industry.” This nimbleness allows the college to quickly respond to industry needs, providing upskilling and onboarding training using their state-of-the-art equipment and facilities.

Employment and Training Pipeline

NGTC often serves as an alternative pipeline for businesses looking to locate to Georgia. The well-known Georgia QuickStart program is one of the major recruiting tools and resources for new companies looking to plant roots in Georgia. However, not every business qualifies for QuickStart due to the number of employees, the size

""While each project is a little different, we like to be at the table if we can. When companies are moving or expanding, we understand the delicate nature of that process and our goal is to be a resource they can trust. "

- Leslie McFarlin

of the project, or the industry they’re in. Similar services are an integral part of the Technical College System of Georgia. “Every technical college is available at some level to create an onboarding or training pipeline for businesses looking to locate here. We offer services for expansions, relocations, or companies adding a new product line,” said McFarlin. “For the technical system, the way we position ourselves is that we can train your employees while your facility is being built, but for existing businesses or once those new businesses are settled, we can also support you in any employment or training challenges you may be facing.”

Strategic Partnerships and Economic Development Programs

NGTC's strategic partnerships and Economic Development programs enhance its ability to serve both students and businesses. Several industries are participating in NGTC’s Leadership Excellence and Development Program (LEAD) – from first-time managers to senior leadership. In partnership with WorkSource Georgia Mountains, the program supports businesses by

training leadership at all levels. Course competencies include problem solving, communication for results, emotional intelligence, continuous improvement, performance management, safety focus, and leading meetings.

The college also launched its Quality Control Technician Apprenticeship program in March 2024. This USDOL Registered apprenticeship program is a two-year Quality Assurance program combining on-the-job learning, mentorship by internal experts, and focused technical education.

Another notable partnership is with the Georgia Department of Corrections and Worksource Georgia Mountains at the Lee Arrendale Hill Transition Center. As a workforce readiness program, NGTC partners with businesses to create an employment pipeline and train women who are within 6 to 18 months of being released. “We train at our campuses, so employers don’t have to facilitate onsite. When these ladies are released, they are equipped for immediate employment and have the skills necessary to be successful employees,” stated McFarlin.

“We recently celebrated 10 students who completed an extensive 10week welding training course at our Clarkesville campus." These students earned a nationally recognized certification from the American Welding Society and were able to exit the program with viable employment opportunities.

Community and Adult Education

NGTC extends its educational reach to the broader community. “We offer a lot of what we think of as “education to the community,” including summits, panels, and speaker series aimed at fostering community engagement and continuous learning.” The college also offers Adult Education programs, including workplace literacy, high school equivalency, and English as a second language. McFarlin informed us that the college also goes “on-site for companies who have a high percentage of employees that are non-native English speakers to work on things such as workplace vocabulary and ensure their employees better understand safety and processes.”

Funding and Accessibility

An important role of the technical colleges in Georgia is to connect companies to funding sources. Their goal is to ensure their programs are offered affordably or at no cost to employers. For example, WorkSource

Georgia Mountains, part of the Georgia Mountains Regional Commission, offers funding in the 12 counties it serves and is a major resource for those working with NGTC. “We work together with the company to talk about their needs, new product lines, or what skills they need. Then we work with WorkSource to see what the business may quality for,” McFarlin said.

Another funding opportunity is for companies willing to participate in second chance hiring. “There’s a lot of funding available for training people who are justice involved. For employers who may consider this an option, there is funding inside the Georgia Department of Corrections or Georgia Department of Community Supervision.” There are also funding sources available for apprenticeship opportunities. If

companies bring in an apprentice to learn from their technicians or otherwise, there may be funding available for the apprentice’s wages.

Overall, McFarlin shared “it’s very likely” that businesses will be able to secure funding for programs. “While each project is a little different, we like to be at the table if we can. When companies are moving or expanding, we understand the delicate nature of that process and our goal is to be a resource they can trust. Whether their need is to recruit our students or to work with us on customized training programs, we can be part of the planning and also look for funding sources.” NGTC and the Technical College System of Georgia’s comprehensive approach to Economic Development ensures companies can develop their workforce effectively without financial barriers, making training initiatives accessible and affordable.

Key Industry Trends

McFarlin noted the college has observed a few industries as being particularly

active in the region: industrial maintenance, welding, and leadership.

NGTC is heavily involved in the industrial maintenance industry including electrical, hydraulics, and pneumatics. The college often sees training requests for welding and fabrication and repair. To support this demand, NGTC has the largest welding training facility under one roof in the state with 100 welding bays. They also have a newer building which houses one of the largest precision machining programs in the state.

North Georgia Technical College exists as a vital educational and economic development resource, dedicated to fostering career readiness and industry growth. Through its dual training approach, strategic partnerships, and communityfocused programs, NGTC continues to play a crucial role in shaping the future of the region’s workforce.

SIOR SPRING 2024 CONFERENCE

Amelia Island, FL

Industrial Properties Group's agents Floyd H. Baldwin, SIOR and Drew C. Addison, SIOR attended the SIOR Spring 2024 Conference at Amelia Island with their wives, Kim Baldwin and Shanna Addison.

The conference saw 903 attendees, making it the second-largest in its history. The conference featured a noteworthy lineup of keynote speakers, sold out networking events, and panel sessions with experts on social media, AI, and market trends.

INTERESTING TAKEAWAYS

• Demand for industrial properties of 100,000 square feet and below is steadily increasing.

• A demographer highlighted that the Hispanic population in Georgia is projected to grow, with the children of immigrants moving into different job sectors than their parents.

• Due to China's one-child policy, their working class is decreasing, potentially leading to reshoring to Mexico, which could boost Mexico's middle class and impact the U.S. labor pool through reverse migration. sior.com

• Located in Gainesville Industrial Park West

• Cross dock warehouse

• 40 (9’ x 10’) dock high doors

• 2 (12’ x 14’) drive-in doors

• ±1,200 sq. ft. of office space

• 28’ ceiling height

• 50’ x 50’ column spacing

• ESFR sprinkler - 100% coverage

• 1000 Amps 277/480 Volt Power

• 100 paved parking spaces

• Convenient to Oakwood, Gainesville and I-985

• Available end of year 2024

2420 W PARK DR Hall County (from cover)

±200,000 Sq. Ft. Industrial Building For Lease in Gainesville, GA

Contact Drew or Floyd ID #1624

NEW LISTING

544 WINFIELD CR

Hart County

±4,482 - 64,253 Sq. Ft.

Industrial Space

For Lease in Hartwell, GA

• ±4,482 - 64,253 sq. ft. for lease

• 7 dock high doors

• 1 drive-in door

• 13’ clear height

• 39’ x 30’ column spacing

• Wet sprinkler; 100% coverage

• 5” reinforced slab

• 4,000 amp power

• 270’ building depth

• Brick & Block construction

• Fluorescent lighting

546 OLD LIBERTY HILL RD

Stephens County

±100,000 - 211,046 Sq. Ft. For Sale or Lease in Toccoa, GA

• Paved lay down yard

• Fenced truck court

• 120’ truck court depth

• Ample parking (±185 spaces)

Contact Floyd or Drew - ID #3095

SECTION A

±111,046 sq. ft.

13’8” ceiling height

27’6” x 30’ column spacing

12 dock high doors

1 drive-in door

800 & 1000 amp/480V

SECTION B

±100,000 sq. ft.

27' ceiling height

25’ x 50’ column spacing

6 dock high doors

1 drive-in door

800 amp/480V

FOR SALE OR LEASE

±197,450 sq. ft. industrial building for sale on a ±17.19 acre site in Lavonia, GA. The building features a photovoltaic system for additional power with 1,844 solar panels, 10 dock high doors, 2 drive-in doors, 28'-32' ceiling height, 50' x 50' and 50' x 60' column spacing. Great location to serve the I-85 market in Georgia. Only ±2 miles to I-85.

Contact Floyd or Drew - ID #5882

975 GERRARD RD

Franklin County

±197,450 Sq. Ft. Freestanding Industrial Building For Sale In Lavonia, GA

4350 AVERY DR Hall County

±114,240 Sq. Ft. Industrial Building For Lease in Flowery Branch, GA

Contact Floyd or Drew - ID #378 FOR LEASE

±114,240 sq. ft. industrial building for lease in Flowery Branch, GA. Building features ±2,282 sq. ft. of office space, 22' clear ceiling height, 9 dock high doors, 1 drive-in door, 35' x 48' column spacing, wet sprinkler system (100% coverage), and 600 amp, 480/270 volts, 3-phase power. Less than one mile to I-985 via Exit 14. Great for warehouse or manufacturing.

±52,737 sq. ft. industrial space for lease in Gainesville, GA with ±1,800 sq. ft. of office space. Features include 26'-6" ceiling height, 42' x 50' column spacing, ESFR sprinkler, LED lighting, 2 drivein doors (12' x 14'), 9 dock high doors (9' x 10'), 40,000 lb. pit levelers, and 480/240V 3-phase power. Frontage on Atlanta Highway and only ±0.6 miles to I-985 via Exit 17.

PRESCO INDUSTRIAL PARK WEST

2480 Atlanta Hwy, Suite A Hall County

±52,737 Sq. Ft. For Lease in Gainesville, GA

Contact Floyd or Drew - ID #10914

FOR LEASE

IPG WELCOMES NEW SUMMER INTERN

Each summer, IPG mentors a college student from the North Georgia region in hopes of providing opportunities for hands-on business experience. This year, we have the pleasure of having Will Barton join us for our summer intern program.

A LITTLE ABOUT WILL BARTON

Hometown: Cumming, GA

High School: North Forsyth High School

College: University of North Georgia

(Rising Senior)

Program of Study: Double major in Finance and Accounting

Hobbies/Extracurricular: I love fishing, going out on the lake with friends, and pickleball.

Future Plans: I am currently taking my Real Estate Pre-Licensing courses. After college, I want to pursure a career in commercial real estate.

"In just a few weeks, I have learned the basics of how to talk to clients and understand what their needs are. I have learned this is a relationship-based business and being able to effectively communicate with clients will help get deals done smoothly and quickly.

±25,000 sq. ft. industrial building for sale on a ±2.83 acre lot in Dahlonega, GA. Owner occupied investment sale opportunity. The building is clear span and has 4 dock high doors (8' x 10'), 3 drive-in doors (12' x 12'), ±3,000 sq. ft. office area, 20'-24' ceiling height, and 600 amp, 3-phase power. Less than one mile to GA 400 and ±35 miles to I-85.

389 LUMPKIN COUNTY PARKWAY

Lumpkin County

Investment Sale

±25,000 Sq. Ft.

Industrial Building For Sale in Dahlonega, GA

Contact Drew or Palmer - ID #6474

5350 MCEVER RD

UNITS D-F Hall

County

±19,032 Sq. Ft. Industrial Space For Lease in Flowery Branch, GA

Contact Drew or Palmer ID #6013

• ±19,032 sq. ft. industrial space for lease

• Located in Oakwood South Industrial Park

• ±1,856 sq. ft. of office space

• Lighting – Office LED / Warehouse LED

• 7 dock high doors (9’ x 10’)

• 1 ramp door (12’ x 14’)

• 2 pit levelers

• 40’ x 40’ column spacing

• 22’ clear ceiling height

• 120’ truck court, 50’ concrete pad

• ESFR sprinkler

• 200 amp/480V, 3-phase power

• Easy access to I-985 via Exit 14

• Close proximity to major industrial businesses in the growing I-85 corridor

FOR LEASE

• Located in Oakwood South Industrial Park

• ±1,600 sq. ft. of office space

• LED Lighting

• 4 dock high doors (9’x 10’)

• 1 ramped door (12’ x 14’)

• 1 pit leveler

• 18’ clear ceiling height

• 40’ x 40 column spacing

• 120’ truck court, 50’ concrete pad, 70’ heavy duty asphalt

• 0.3 GPM over the most remote 3,000 sq. ft. sprinkler system

• 600 amp/480V, 3-phase power

• Easy access to I-985 via Exit 14

• Close proximity to major industrial businesses in the growing I-85 corridor

5340 MCEVER RD UNITS E-F

Hall County

±12,646 Sq. Ft.

Industrial Space

For Lease in Flowery Branch, GA

Contact Drew or Palmer

ID #2068

2481 HILTON DR

SUITE 3A-4A

Hall County

±9,594 Sq. Ft. Office / Warehouse / Flex Space For Sale in Gainesville, GA

±9,594 sq. ft. warehouse / flex space for sale or lease in Gainesville, GA. Space is fully climate-controlled with a newly replaced 20-ton warehouse HVAC unit, 13'-16' clear ceiling height, 2 dock high doors, security system, and 3-phase power. Located in a high quality business park with easy access to I-985 at Exit 20.

Contact Drew or Palmer- ID #8785

±2,808 sq. ft. office building for lease in Gainesville, GA with 10 private offices and fenced parking (20 parking spaces). Ideal headquarters for developer, architect, engineer, surveyor, or other industrial related companies. Visibility on White Sulphur Road / Ramsey Road. Located just off of Hwy 365 and only ±0.3 miles to I-985.

Contact Drew or Palmer- ID #480

2805 RAMSEY RD Hall County

±2,808 Sq. Ft. Office Building For Lease in Gainesville, GA

FOR LEASE

±169 acres

0 HIGHWAY 83

Morgan County

±169 Acres For Sale in Madison, GA

±169 acres for sale in Madison, GA.

Zoned I-2 Light Industrial with ±2,235 feet of frontage on Highway 83. Flat to gently rolling topography. All utilities at site. Prime industrial site would be excellent for Rivian or Caterpillar Suppliers. Will consider dividing and build-to-suit.

Contact Gene ‐ ID #7774

• ± 0.25 mile to I-20, Exit 113

• ±1 mile to Hwy 441

• ±60 miles from Atlanta via I-20

• University of Georgia - ± 30 miles

• Georgia Tech - ± 61 miles

• Emory University - ± 58 miles

• Multiple Community/Tech Colleges within Driving Distance

• Less than 1 mile to Retail, Restaurants, & Shopping

• Atlanta / Hartsfield-Jackson Airport± 60 miles

• Augusta - ± 90 miles

• Athens - ± 25 miles

• Macon - ± 65 miles

LOCATION DETAILS

Madison

Athens

Atlanta

Gainesville

Lake Oconee

Greenville, SC

±169 acres

New Rivian Plant

Reynolds Plantation

Buford

STEVE REYNOLDS INDUSTRIAL PKWY

Jackson County

±16.5 - 45.5 Acres

For Sale in Commerce, GA

±16.5 - 45.5 acre industrial site for sale in Commerce, GA. Owner open to build-to-suit. Only ±1.6 miles to I-85 via Exit 147 and located adjacent to SK Battery.

Contact Floyd or Drew - ID #11012

±16.5 - 45.5 acres

SITE 1

±16.5 acre site

BTS up to ±180,000 sq. ft.

150 parking spaces

135’ truck court

SITE 2

±29 acre site

BTS up to ±235,500 sq. ft.

165 parking spaces

70 trailer spaces

185’ truck court

0 CORNOG RD

Franklin County

±13 Acres

For Sale in Lavonia, GA

Contact Drew - ID #6225

±13 acres for sale in Lavonia, GA. Flat to gently rolling topography. 6" Water and 6" Sewer (City of Lavonia). Close proximity to retail, medical, and industrial businesses along I-85. Variety of potential uses including commercial, residential, or industrial. Only ±0.8 miles to I-85 at Exit 173.

*Owner is licensed in the State of Georgia (License #162356).

±13 acres

±7.81 acre site available in Oakwood, GA. Site is located in Oakwood South Industrial Park. Site provides privacy with easy interstate access. Only ±2 miles to I-985, Exit 14. Great option for end user.

Contact Drew or Floyd - ID #11011

5573 RAFE CT SITE #16 Hall County

±7.81 Acres For Sale in Oakwood, GA

±7.81 acres

ALOHA WAY

SITE #20 Hall

County

±6.86 Acres For Sale in Oakwood, GA

±6.86 acre site available in Oakwood, GA. Site is located in Oakwood South Industrial Park. Commercial site with high visibility on McEver Rd. Traffic Count of 9,500 VPD. Only ±1.5 miles to I-985, Exit 14. Great option for shallow bay or flex warehouse development in growing South Hall corridor.

Contact Drew or Floyd - ID #11010

±6.86 acres

±3.4 acre IOS site for lease in Gainesville, GA. Landlord will provide security fencing, gated entrance, security lighting, and gravel yard. Ideal for equipment storage, outside storage, trailer parking, or laydown yard with potential for ±79 trailer spaces. Build-tosuit opportunity: Up to ±80,000 Sq. Ft. with outside storage. Close proximity to major industrial businesses and convenient to Hwy 369, Hwy 53, and Atlanta Hwy. Only ±2.0 miles to I-985 and ±15.4 miles to I-85.

±3.4 Acre IOS Site For Lease

Contact Drew or Floyd - ID #10456

IOSSITEWITH BTSOPPORTUNITY

RIDGEWAY 85 LOGISTICS CENTER

1532 Ridgeway Church Rd

Jackson County

Build-to-Suit

±315,000 Sq. Ft. Industrial Building For Lease in Commerce, GA

±315,000 sq. ft. build-to-suit building for lease in Commerce, GA. Property features include ±70 dock spaces, 87 trailer spaces, and 224 car spaces. Great for regional supplier, OEM or distributor. Located across from SK Battery America and ±20.7 miles from the new inland port in Gainesville, GA. Easy access to I-85 via Exit 147 (Hwy 98) or Exit 149 (US 441).

Contact Floyd or Drew - ID #10786

BUILD-TO-SUIT | FOR LEASE

±10,000 sq. ft. build-to-suit single tenant facility for lease in Pendergrass, GA. Located in North Jefferson Business Park. Office is build-to-suit. Property features include 1 dock high door, 1 drive-in door, and 20' clear ceiling height. Excellent frontage on Hwy 129 with a traffic count of 16,500 cars per day. Only ±20 miles to I-985 and ±1.5 miles to I-85 at Exit 137. Great location with access to industrial market.

Contact Floyd or Drew - ID #10449

0 ENTERPRISE DR Jackson County

Build-to-Suit

±10,000 Sq. Ft. Single Tenant Facility For Lease in Pendergrass, GA