Coro Realty, DG Real Estate Partners to Break Ground on Fairburn 85 Self-Storage
Development of 2.6-acre site will include 800 storage units between Hartsfield-Jackson Atlanta International Airport and Peachtree City
Atlanta (Dec. 3, 2020) — DG Real Estate Partners and Coro Realty have acquired 2.6 acres for a state-of-the-art, 800-unit self-storage development on Senoia Road in Fairburn, GA.
The site is located on GA-74 less than a half-mile south of Interstate-85 and approximately 10 miles south of the Hartsfield‐Jackson Airport. It is on the heavily traveled route between the interstate and Peachtree City, the largest city in Fayette County. Fairburn 85 Self Storage is Coro Realty’s third self-storage development in Georgia.
“This is an excellent and unparalleled opportunity to acquire a fully entitled parcel in a high-barriers-to-entry market that is lacking this type of multi-story product,” said Adam Holland, Asset Manager, Coro Realty. “We are excited to join DG Real Estate Partners in this project, which we expect to offer an excellent return for our investors.”
The 114,000 square foot self-storage facility at 7935 Senoia Road will include a main three‐story building that is climate controlled and has state-of-the-art security, elevator access at loading zones and automated lighting. Two smaller buildings will be available for vehicle or similar storage.
With the tremendous growth in higher density residential and mixed‐use development in the immediate area, there is a shortage of storage to serve the expanding market. Coupled with significant zoning challenges, rising land prices in the region make future similar developments challenging.
Construction will begin in January, with a targeted completion in late 2021.
About Coro Realty
Coro Realty was founded in 1997 and is synonymous with intelligent real estate development and investment. With a commitment to smart growth, the urban landscape and innovation, Coro Realty continues to demonstrate its leadership in the market with the successful execution of quality investments. It provides investment, asset management, leasing and property management for a myriad of commercial and residential properties throughout the Southeastern United States. Coro Realty oversees approximately 50 properties valued in excess of a billion dollars. For more information, visit cororealty.com.
About DG Real Estate Partners
DG Real Estate Partners, LLC was formed in early 2018. The entity was created to merge Galbraith Enterprises, Inc. and Dahlco Real Estate Development. DG Real Estate Partners’ principals are Matt Dahlhauser and Stephen Galbraith. DG Real Estate Partners currently has close to $100 million of projects in various stages of development.
Media contact: Thornton Kennedy (404) 210-0363 thornton@prsouth.net