Majestic Realty Co. Completes Entitlement Process for Fulton County Airport

UPS will Lease 250 Acres for the Largest Facility in its Global Network
By: Majestic Realty Co.
 
ATLANTA - Nov. 10, 2016 - PRLog -- Majestic Realty Co. recently completed a five-year entitlement process for Fulton County Airport-Brown Field, otherwise known as Charlie Brown Airport, and signed a 50-year ground lease with Fulton County. United Parcel Service (UPS) announced at a press conference hosted by the State of Georgia this morning that it will lease 250 acres from Majestic, making it the largest facility in UPS's global network. At this new, showcase distribution center for UPS, 100,000 packages per hour will be processed.

The irreplaceable location of the site offers easy access from I-285, I-20 and Fulton Industrial Boulevard with multiple access points. The project, which will be developed by Majestic Realty, will include a 1.5-million-square-foot distribution center on the industrial site. As part of the agreement, Majestic will provide additional infrastructure, including up to 20 new hangars, for the airport as well. There will also be a new operations center ($1.1 million) for Fulton County Airport-Brown Field. Approximately 3,000 jobs will result from the project.

The project broke ground on Nov. 1, 2016, and UPS expects to be fully operational on Nov. 1, 2017. Majestic Realty Co., Invest Atlanta, City of Atlanta, State of Georgia, Fulton County and UPS make up this public/private partnership. This project is expected to be a catalyst of redevelopment on Fulton Industrial Boulevard.

"The infrastructure in the surrounding area is too strong for this plot of land to be vacant," said Stan Conway, executive vice president and board member of Majestic Realty Co. "The site's commanding presence of undeveloped land sits between several major highways and ultimately was the perfect spot for a project like this. It will be a catalyst and job-creator for this important part of Fulton County inside the city of Atlanta."

Additionally, the existing 927 runway will be repurposed, and Majestic will move 1-million yards of dirt from the UPS site to the site of the new hangars, which could include larger hangars to accommodate larger private planes.

Majestic Realty Co.

www.majesticrealty.com

Founded in 1948, Majestic Realty Co. is the largest, privately held developer and owner of master-planned business parks in the United States. Majestic's 78-million square-foot portfolio provides real estate solutions for tenants large and small, creating jobs, tax revenue and community benefits across the country. Majestic's current portfolio represents a $1 billion investment in metro Atlanta. The Atlanta Business Chronicle lists Majestic as the number one industrial developer in Atlanta.

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Tags:Real Estate
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Location:Atlanta - Georgia - United States
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