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 in...
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...
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...
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 lunch at 2-Dog...
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 beneficial to my...
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,...
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, fastened, or attached) • Customers...
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...
You may have heard the expression “A stitch in time saves nine.” This phrase is especially true when it comes to preventive building maintenance. While it can seem expensive or burdensome year over year, neglecting upkeep will inevitably lead to costly repairs, frustrated tenants, or negatively impact rental income. With regular inspections and scheduled preventive maintenance, building owners can...
You don’t have to look far to know employers in our state and across the nation are experiencing a shortage of labor. Signage for “Help Needed” is vast throughout the region, with employers even posting wages and benefits in front of their places of business. A simple Google search will give potential employees’ pages and pages of employment opportunities. Many of these jobs even boast “No real...