Dubai, United Arab Emirates, November 23, 2023:Sweid & Sweid, the Dubai-based real estate developer known for delivering high-quality commercial buildings for multinational corporations, has made a significant foray into the American industrial market with the announcement of a new project through its US arm, Sweid & Sweid America (SSA) – River Park 10. Leveraging their existing track record in the US residential market, the strategic transition to the industrial sector represents a calculated move aligned with prevailing market trends and opportunities.
Commenting on the project announcement, Maher Sweid, Managing Partner of SSA, said: “The launch of River Park 10 signifies a pivotal step for SSA as it not only marks the company’s foray into the industrial real estate sector but is our first project in the bustling Atlanta, Georgia market – one of the strongest performing and most logistically crucial industrial hubs in the country. We are excited about the opportunity and aim to deliver into a strong market with projected oncoming supply voids, as other projects struggle to launch due to disruptions in capital markets and historically high-interest rates.”
With expected delivery in August 2024, River Park 10 will be a Class-A logistics warehouse within the River Park E-Commerce Center, a purpose-built industrial park located on Interstate I-75 that connects the Port of Savannah (third largest and fastest growing in the U.S.) to Atlanta. The strategic positioning of the River Park 10 site offers logistics firms unparalleled advantages. Its one-day round-trip drive to the Port of Savannah and two-day drive to reach 80% of the U.S. population make it an ideal choice for companies seeking efficient distribution and bulk-breaking capabilities.
Upon completion, River Park 10 will stand as an impressive 825,000 square-foot facility occupying a sprawling 55-acre site, oﬀering cross-dock configuration and 40-foot ceiling clear heights. Neighbours in the River Park E-Commerce Center include Procter & Gamble, who are in the final stages of completing their 2,000,000 square foot single building distribution centre that will serve the entire South Eastern market of the U.S., as well as an electric vehicle parts distributor, which is strategically positioned to cater to Atlanta’s growing electric vehicle manufacturing plants of Hyundai, Kia & Rivian.
Key Project Numbers
Land Area (acres) – 55.0 acres
Net Rentable Area – 825,000 sq. ft. Clear Height – 40 ft.
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About Sweid & Sweid
Sweid & Sweid is an international award-winning real estate company targeting niche development, investment and build-to-suit opportunities. From its headquarters in Dubai, Sweid & Sweid has built a reputation for delivering international standard grade-A commercial and residential projects through a comprehensive approach to all phases of the development cycle, sourcing opportunities, funding and execution.
Sweid & Sweid continues to deliver best-in-class solutions, with multinational corporation tenants including: Visa, Oracle, Redbull, Snapchat, SAP, Tesco, FUJITSU, GlaxoSmithKline, SABIC, Bristol-Myers Squibb, McGraw Hill, and Johnson Controls, amongst others.
Recently, Sweid & Sweid have delivered the Banyan Tree Residences – Dubai, a landmark residential development, Visa’s Central Europe Middle East and Africa Headquarters in Dubai, and The Haywood – a 370-unit flagship residential project in Austin, Texas.