Annenberg Investments Ltd and Farpoint Development have partnered to acquire 3450 Simmons Drive in Waycross, Georgia — a Class-A industrial property with a total building area of 217,500 square feet, set on 42 acres of land. The main building, constructed in 2004, features 202,500 square feet of warehouse space and 15,000 square feet of office space, and was built using concrete tilt wall construction with 50' x 50' column spacing. Moreover, the building is expandable, with knockout panels allowing for an additional 100,000 square feet of space. Located in Southeast Georgia, Waycross offers convenient regional access to markets in both North Florida and Coastal Georgia, including Jacksonville, Florida (1.5 hours), Brunswick, Georgia (1 hour), and Savannah, Georgia (2 hours), and the East Coast's largest and deepwater ocean ports. The property is situated ~1 mile from the largest CSX computerized rail yard on the East Coast, solidifying its status as the central hub for all rail traffic in the southeastern region. Six distinct CSX lines intersect in Waycross, providing unparalleled direct access to various areas within the southeastern United States. Eric Helfand, Principal at Farpoint shares, "Waycross sits at a premier key crossroads in the Southeastern United States, and is perfectly positioned as a hub for commerce, industry and transportation. Due to its valuable location, businesses can more effectively ship goods by rail, truck, or ocean freight. The region boasts robust economic development growth, with a diverse array of manufacturing, logistics, and distribution companies taking advantage of Waycross' strategic location and transportation infrastructure." David Cooper Annenberg, Partner at Annenberg Investments says, "Building upon our partnership with Farpoint Development, we are excited to continue the success story of what we achieved working together on a similar commercial property in Clinton, South Carolina. We are confident that this industrial facility in Waycross, Georgia will become a thriving industrial hub, attracting top tenants and setting the standard for excellence in the region." Thank you to Jason Rubenbauer, MBA at the Waycross-Ware County Development Authority, RRA Capital | CRE Bridge Lender, Aspen Funds, Daniel Rosenberg, and Logan Petersmeyer at BWE. For leasing opportunities, contact Greg Haynes, SIOR, and Stuart Pendley, SIOR, at CBRE. Learn more about Annenberg Investments: annenbergltd.com Learn more about Farpoint Development: farpointdev.com CC: Jeff Annenberg, Justin Patwin, Nick Hollstegge, SIOR, Brant Patton #GeorgiaCRE #IndustrialRealEstate #IndustrialDevelopment
Farpoint Development
Real Estate
Chicago, Illinois 4,930 followers
Transformative. Trustworthy. Experienced. We do more than build buildings. #farpointdevelopment
About us
At Farpoint, we do more than build buildings. Our founders have decades of experience solving real estate challenges by creatively and carefully answering the needs of our partners. Our ambition to build resilient, sustainable neighborhoods — places that people will be proud to work or live in decades from now — is what drove us to found our firm. It’s also what drives us forward. We design for the long-term with buildings that are resilient and sustainable. We approach our work with optimism. It’s why we embrace complex projects that anchor entire neighborhoods. We prioritize relationships over profit. In fact, we believe that strong partnerships — with all our stakeholders — generate stronger financial results. Transformative. Trustworthy. Experienced.
- Website
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farpointdev.com
External link for Farpoint Development
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- Chicago, Illinois
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Real Estate, Commercial Real Estate, Real Estate Development, Adaptive Reuse, Asset Management, Retail, Industrial, Multifamily, Placemaking, Office, Mixed-use, and Life Sciences
Locations
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Primary
120 N. Racine Ave
Suite 200
Chicago, Illinois 60607, US
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9 N Pack Sq
Asheville, North Carolina 28803, US
Employees at Farpoint Development
Updates
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Our founding principal, Regina Stilp, will receive a much deserved Industry Leadership Award at Roosevelt University 's 23rd Annual Real Estate Gala next week! 🎉 For over 20 years, Regina has catalyzed Chicago's commercial real estate market, championing the city while pioneering sustainable and groundbreaking properties. Join us in celebrating Regina and supporting The Marshall Bennett Institute of Real Estate, either as a sponsor or attendee, in what will be a wonderful event to celebrate a strong, impactful female leader. (Clapping emojis are also accepted 👏) Mark your calendars and join us October 24th! We hope to see you there. https://loom.ly/XpATMck #FemaleLeader #PropertyDevelopment #MBIREGala2024 #ChicagoRealEstate #ChicagoCommercialDevelopment #ChicagoBusinessGrowth
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Tonight, we are incredibly proud to support the Harold E. Eisenberg Foundation as they celebrate 25 years of impact. Since 1999, they’ve championed both cancer research and real estate education for the next generation entering our industry. It’s amazing the work that can be done when real estate professionals, students, and industry partners come together! 💪 Learn more about their foundation and event here: https://loom.ly/8RetEaE #realestateprofessional #realestate #CREChicago
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Join us in welcoming Jonathon Fixler as a Principal at Farpoint Development! After his five-year professional baseball career, Jonathon traded his jersey for a button down and started his career in commercial real estate development. Jonathon brings over a decade of experience as an investor and developer, which will be instrumental in managing our Chicago portfolio and supporting expansion into new key markets. With Jonathon on board, we're poised to unlock new opportunities and deliver exceptional value to the community and our partners! #ChicagoRealEstate #CREChicago #UrbanDevelopment #ChicagoInvestments #BuildingChicago
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A huge congratulations to the Lynn Sage Breast Cancer Foundation for orchestrating a moving and impactful event at the unveiling of Matthew Hoffman's “Big Hope” sculpture on North Michigan Avenue. This inspiring piece of art serves as a powerful symbol of hope and resilience. We're honored to have our name engraved on the sculpture, a testament to our ongoing commitment to supporting causes that matter. As we celebrate #BreastCancerAwarenessMonth, let's remember the importance of hope and the strength of those who face adversity. To support The Lynn Sage Breast Cancer Foundation's initiative to eradicate breast cancer by investing in early career doctors and innovative research, make sure to check out their cause and donate here: https://lnkd.in/gz7PDksT #BigHope #BreastCancerAwareness #CommunitySupport #FarpointDevelopment #MichiganAvenue
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A huge congratulations to Zeb McLaurin and all of the winners of the March of Dimes Construction & Transportation Awards! Zeb has continued to show why he is a visionary real estate developer, and McLaurin Development Partners is a valued partner to Farpoint and GRIT. Our own Regina Stilp, Scott Goodman, Eric Mason, and Suzanne Kahle will all be there! Be sure to say hi and congratulate all of the winners who continue to drive our industry forward. Learn more about March of Dimes here: https://lnkd.in/gZ-pG4J6 #ChicagoRealEstate #ChicagoCommercialDevelopment #ChicagoBusinessGrowth
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Our hearts are with Asheville and all communities affected by Hurricane Helene. As a company with roots in the Southeast, we want to be helpful during this challenging time. If you are looking for ways to help, we have compiled a list of trusted local organizations working tirelessly to provide relief and help begin rebuilding in the wake of the storm. To learn how you can make a difference, please visit: https://lnkd.in/ebnHDBUr. #HurricaneHelene #DisasterRelief
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What a fantastic night at the Goldie Gala last week! Farpoint's Founding Principal, Regina Stilp, and Managing Director Suzanne Kahle celebrated incredible women in the commercial real estate industry. We are proud to support the The Goldie Initiative: Goldie B. Wolfe Miller Women Leaders in Real Estate's important mission of preparing women for leadership roles in our industry. Images courtesy of our friends and colleagues Heidi McClenahan and Lisa Dziekan. #FarpointDevelopment #GoldieGala #GoldieInitiative
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Regina Stilp, our Founding Principal, discusses the Fed's interest rate cut and its impact on residential construction in Chicago, saying, "We need to have cranes in the sky." According to The Chicago Tribune, new construction could be boosted by the recent rate cut, as more people want to move to thriving, interesting, and unique neighborhoods. It's an exciting time to build the city's skyline and infrastructure. #FarpointDevelopment #ChicagoRealEstate