Holder Properties secures financing package for 389K SF industrial development in Metro Atlanta

JLL Capital Markets secures joint venture equity and construction financing totaling $44M for Dogwood Logistics Center

ATLANTA, Aug. 20, 2025 – JLL Capital Markets announced today the placement of $18.7 million in joint venture equity alongside $25.4 million in construction financing for Dogwood Logistics Center, a two-building, Class A industrial development in Conyers, Georgia.

JLL worked on behalf of the developer, Holder Properties, to secure a construction loan through Pinnacle Financial Partners and to place the joint venture equity with Hartford Investment Management Company (“HIMCO”).

Scheduled to deliver in the summer of 2026, the 388,960-square-foot development will feature two state-of-the-art, shallow bay rear-load buildings spanning 205,265 and 187,593 square feet. The facilities will offer 36-foot clear heights, concrete tilt-wall construction, 60-foot dock bay depths, efficient building depths of 210 to 230 feet and TPO roofing.

Located at 2810 Dogwood Dr., the development is strategically positioned with frontage along Interstate 20, providing excellent visibility and flexible access to two interstate exits. This location offers convenient connectivity to Atlanta’s main logistical arteries, including I-285, I-675 and I-75/85, opening the gateway to the entire southeastern region and allowing tenants to reach 80% of the U.S. population within a two-day drive. Additionally, the project benefits from a robust labor pool with approximately 140,000 civilian workers within a 30-minute drive time, supported by established, affordable housing in Conyers and the surrounding areas.

Dogwood Logistics Center marks Holder Properties’ second industrial project in 2025 with Pinnacle Financial Partners and HIMCO. The development advances Holder’s strategic growth of its warehouse and logistics platform and reflects the company’s focus on delivering high-performance facilities in key markets.

“We appreciate the confidence our partners have placed in us to deliver impactful projects in today’s economic climate,” said Will Menkes, President and Managing Partner of Holder Properties. “Dogwood Logistics Center leverages our team’s deep market expertise and brings best-in-class site planning and building design to a prime I-20 East corridor location. We believe it will be a standout choice for industrial users in the region.”

The JLL Capital Markets team representing the developer was led by Managing Director Bobby Norwood, Senior Managing Director Mark Sixour, Associate Hamp Gibbs and Analyst Streeter Simmons.

“Holder Properties’ development addresses a critical need for smaller tenants seeking high-quality industrial space in this thriving corridor,” added Norwood. “The high absorption rates and low vacancy we’re seeing for this product type confirm there’s significant pent-up demand, particularly from companies supporting the major economic drivers that have invested billions in this submarket. JLL is proud to have played a role in bringing this much-needed industrial space to fruition.”