Foxfield and AEW Capital Management have begun work on their Sugarloaf Logistics Hub campus project in Gwinnett County, Georgia. The property was acquired by the two companies in 2022 with the goal of transforming a corporate office campus into a master-planned industrial hub. The new development will consist of seven buildings ranging from 120,000 to over 600,000 square feet and will offer flexible floor plans.
Souto Foods has signed a lease for one of the buildings within the campus totaling 200,000 square feet. This building will include significant cold storage capabilities and Souto Foods plans to invest $28 million into the site while creating 70 new jobs for Gwinnett County.
In addition to this lease agreement, Foxfield and AEW also sold a parcel of land measuring at approximately 13 acres to Westplan Investors. This sale marks an important step towards developing around 330 multifamily units along Sugarloaf Parkway and Cruse Road. Construction is expected to begin in Q2 of next year with JLL leading both transactions -the lease agreement as well as land sale- through its team.
