A new 100,000 square foot speculative warehouse is expected to be completed by September in the Calhoun Commerce Center off U.S. 41 between Calhoun and Adairsville.
L.P. Owens, a partner with Sage Ralston in the development of the property, said they started the new building as a spec building but that they have a company that has expressed some real interest in it.
“We do think we have a real prospect,” Owens said.
The first building in the Commerce Center is KAS Rugs, 100 Enterprise Drive, Calhoun, a business owned by Rao Yarlagadda and his wife Kas, which specializes in the distribution of Oriental rugs. The Somerset, N.J.-headquartered firm started shipping from the Calhoun site in July of 2011.
Owens said the Calhoun Commerce Center has a 50-acre lot to the west side of the property and approximately 24 acres on the east side.
“We’ve got lots of space to build,” Owens said.
The site will be tied to the proposed south bypass of Calhoun. The partners have had the Georgia Commerce Center property for about five years.
“Times are sort of slow and raw land is even slower,” Owens said. “There is a demand for warehouses and most of the warehouses in Calhoun are rented and this is on the bypass.”
The Ga. Departmentof Transportation has let the contract for a new interchange on Interstate 75 at Union Grove Road, which will be a part of the south bypass around Calhoun.
“The bypass is going to be on this property, we’re going to have a corner,” Owens said.
While the bypass project is still several years down the road, Owens said the DOT has already settled with him and Ralston for their property that will be a part of the bypass.
“They have bought a lot of the right of way on the bypass. They’re putting money out,” Owens said.
Some $17.5 million for the bypass is included on Gordon County’s project list to be funded by the proposed 1-cent TSPLOST, which will be voted on across 15 counties in Northwest Georgia on July 31.
Owens said he and Ralston are going to fully build out the new warehouse type building, offices and everything.
“We look to complete it sometime in September,” Owens said.
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