Multi-industry company Textron put up its specialized vehicles facility at 3464 Mike Padgett Hwy. for sale late last year, moving operations to its locations at Marvin Griffin Road and Ipswich, England.
At the beginning of 2022, Cleveland, Ohio-based investment group Weston acquired the property, leasing a 100,000 square foot portion of the facility back to Textron and also renting out its main building. Weston is still deciding what to do with a third part of the property, said John Peebles, the brokerage agent for the site.
“They’ve got a couple of groups interested in that main building,” Peebles said, referring to the 500,000 square foot building Weston currently has for lease.
A third-party logistics company—an outsource business that specializes in tending to supply chain operations—is a current short-term tenant in that principal section of the facility.
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“They’ve gotten a lot of interest just due to the I-20 corridor stretch between Atlanta and other markets,” said Peebles.
Potential future uses for the remaining segments of the 150-acre site will likely entail expansion into a kind a kind of industrial park, with some speculative construction of new class-A buildings to put up for lease.
“There’s a lot of land available for development,” said Peebles. “But right now, the main focus and priority is making sure that that main building is fully occupied.”
Weston, a privately-owned company, has a portfolio of some 45 industrial and warehouse properties across seven states, including North and South Carolina, Kentucky and Indiana. It also has a residential wing – developing medical housing near hospitals, and it has a commercial property management side.
Skyler Q. Andrews is a staff reporter covering business for The Augusta Press. Reach him at skyler@theaugustapress.com.
