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Seefried Industrial Properties to reach $ 1 billion mark in 2016

June 15, 2016

Seefried Industrial Properties, the Atlanta based industrial real estate development firm, run by Austrian Honorary Consul General Ferdinand Seefried, is expecting development volume in 2016 to exceed $ 1 billion for the first time in the 33-year history of the company.

Seefried Industrial Properties is an industrial real estate developer specialized in the development, leasing and property management of distribution and  manufacturing  warehouses. The company is headquartered in Atlanta with regional offices in Dallas, Chicago, Phoenix and Los Angeles.

According to Ferdinand Seefried, Founder and Executive Chairman of Seefried Industrial Properties, as of June 15th, 2016, the company has 18 projects under construction, amounting to a total size  of 7,684,000 SF and spread over eight states, mainly in the Sun Belt. In addition, the company has 15 other projects in the due diligence phase and/or on the drawing board. The projects under construction include distribution facilities for Mercedes Benz, United Parcel Service, Amazon, Victory Packaging and Constellium.  

A particular specialty of Seefried Industrial Properties is the development of e-commerce related facilities. The company built 11 Fulfillment Centers and two Data Centers for Amazon over the last four years and has a series of new projects for Amazon  in the planning stage for delivery in the fall of 2017. Most of these buildings have a footprint of 800,000 SF to 1,000,000 SF and have up to 1,800 employees working in three shifts  during the key selling periods.

Seefried Industrial Properties is building its warehouses with debt and equity financing from US financial institutions and a series of European Family Offices, including some Austrian Family Offices. The company is presently managing a portfolio of 25 Mio SF. From time to time, the company sells completed and leased buildings to institutional investors.

“The outlook for our industry continues to be good  and I do not see  any issues which could derail the present  up-cycle, which started in 2010. However, I am well aware that historically every seveb to nine years we experience a correction. The 2008 to 2010 real estate recession was very severe for the real estate business and I do not expect anything similar in the near future”, observed Ferdinand Seefried.