Drew C. Addison, SIOR, to serve as President of the Georgia Chapter of SIOR

Drew C. Addison, SIOR, Partner and Regional Sales Director of Industrial Properties Group, Inc., was sworn in as the new president of the Georgia Chapter of SIOR (Society of Industrial and Office Realtors®) during a ceremony in October 2023. His term as president begins in January 2024 and will run through the end of the year. With more than 18 years of experience in industrial real estate, Drew joined...

IPG Welcomes New Regional Sales Associate

Industrial Properties Group, Inc. is pleased to announce the hiring of its new Regional Sales Associate, Palmer Loggins. Palmer is a Gainesville, Georgia native and served for 10 years with the Gainesville Fire Department before joining the IPG team. As Regional Sales Associate for the I-85 corridor team, Palmer’s goal is to be responsive to his clients while upholding the highest quality of service...

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Electrifying the Southeast: The Rise of the Electric Vehicle Market and Battery Belt in Georgia

The rise of the electric vehicle (EV) market thus far has been exciting to watch, and its impact is not limited to cleaner transportation and reduced carbon emissions. The Southeastern region of the United States, particularly Georgia, is emerging as a pivotal player in the electric vehicle industry. Notably, what's been coined the "Battery Belt" has been forming in this region, with significant impacts...

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Material Lead Times (August 2023)

Information is Courtesy of ARCO Design/Build, a major sponsor of the 2023 SIOR Southeastern Regional Conference. Current Construction Material Lead Times as of August 2023: SITE UTILITIES - CONCRETE PIPE & STRUCTURES NORMALIZED SITE UTILITIES - CMP STORM PIPE NORMALIZED SITE UTILITIES - DIP FIRE LINE 12-14 WEEKS SITE UTILITIES - PVC FIRE LINE 8-10 WEEKS STRUCTURAL...

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RECAP: SIOR Southeastern Regional Conference in Chattanooga, TN

Floyd H. Baldwin, SIOR and Drew C. Addison, SIOR recently attended the Society of Industrial and Office Realtors (SIOR) Southeastern Regional Conference in Chattanooga, TN. Here are a few things we wanted to pass along from the event: Inflation is starting to slow down, largely due to energy costs lowering by approximately 12.5% since 2022 (Sage Economics). Cost of capital and lead times on...

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Celebrating 20 Years

We would like to take a moment to recognize Jessica McCord and her incredible dedication and hard work as she marks two decades with Industrial Properties Group, Inc. Jessica’s commitment and knowledge is a driving force behind our success and we are truly grateful for all she brings to the IPG team. Thank you Jessica for 20 years! The IPG Team celebrated Jessica with a surprise...

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Best Wishes to IPG Intern

Each summer, IPG mentors a college student from the North Georgia region in hopes of providing opportunities for hands-on business experiences. This year, we had the pleasure of having Payton Drake join us for our summer intern program. Payton said "During my internship at IPG, I’ve been able to learn a lot through the hands-on teaching they provide. Seeing the properties has been...

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What is OpEx?

In a NNN (triple net) lease, OpEx is a pass through of operating expenses to the tenant and is paid on a per sq. ft. basis. OpEx covers property taxes, property insurance, and CAM (common area maintenance) expenses. These fees are passed through to the tenant separately from their base rent and are paid on a monthly basis. An example of OpEx: $4.00 psf NNN (base rent) $1.00 OpEx (taxes. insurance,...

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TPO vs. Standing Seam Roofing Systems

TPO Roofing Thermoplastic Polyolefin (TPO) is a single-ply roofing membrane made of rubber which can be installed in a variety of ways. This, combined with its energy savings, makes it one of the most popular roofing materials in industrial real estate development. OVERVIEW: • Roofing can last 15-30 years • Customers choose installation method (ballasted,...

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IPG Arranges Sale of 143,590 SF Spec Building in Hartwell, Georgia

Industrial Properties Group, Inc. finalized the sale of a 143,590 square foot speculative building located at 2052 Knox Bridge Crossing Road in Hartwell, Georgia. Developed in 2020 by Adams Hart Partners I, LLC, the building is situated on 14.8 acres and located one exit south of the South Carolina border. Floyd H. Baldwin, SIOR and Drew C. Addison, SIOR of Industrial Properties Group, Inc. represented...

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