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

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."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Founded in 1980, Holder Properties is a privately held, full-service commercial real estate development and investment management company. Holder Properties has extensive experience in investments, development, asset management, and property management. The company has developed or acquired over 14 million square feet of space across 100 projects in 17 states in the U.S., with total capitalization exceeding $4.5 billion. Its portfolio includes a diverse range of property types, such as warehouse/logistics facilities, student and market-rate rental housing, multi-tenant offices, corporate headquarters, and other commercial assets. Holder Properties strives to build long-term, rewarding relationships with its partners, clients, and the communities it serves through its commitment to integrity and delivering best-in-class assets and services. To learn more, visit holderproperties.com.

Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The firm is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, according to 2024 deposit data from the FDIC. Pinnacle is No. 11 on FORTUNE magazine’s 2024 list of 100 Best Companies to Work For® in the U.S., its eighth consecutive appearance and was recognized by American Banker as one of America’s Best Banks to Work For 12 years in a row and No. 1 among banks with more than $10 billion in assets in 2024. The firm began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately $54.8 billion in assets as of June 30, 2025. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in several primarily urban markets across the Southeast.

Hartford Investment Management Company (HIMCO) is the asset management arm of The Hartford Insurance Group, Inc. (The Hartford). HIMCO is an insurance asset manager with approximately $116 billion in assets under management across the global fixed income and alternatives markets (as of March 31, 2025). The firm manages assets on behalf of The Hartford, as well as insurance, sub-advisory and other institutional clients.