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 4,808 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 Managing Director of Healthcare Real Estate, Alex Katz, will speak at the Bisnow Chicago Healthcare Summit on the panel "Dissecting Today's Healthcare Market." Alex will share his insights about what healthcare providers and hospital systems are developing and building to reshape the inpatient and outpatient experience. Our Founding Principals, Regina Stilp and Scott Goodman, will also be in attendance. We're looking forward to sharing insights and connecting with industry leaders who are creating health opportunities for our City. #FarpointDevelopment #ChicagoHealthcareSummit #HealthcareRealEstate #PatientExperience #Construction #Design #HealthcareFacilities #IndustryInsights #PanelDiscussion
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As developers, it's crucial to understand that what we build needs to stand the test of time. Adaptability is key to delivering continuous benefit to each and every stakeholder, from beginning to end. This flexibility is a core tenet of Farpoint's Senior Director of Development, Carl Brown's philosophy on successful development: "Flexible space planning is crucial because it allows us to adapt to a constantly changing and evolving world. It's important to design a place that will deliver for years to come." #Placemaking #RealEstateDevelopment #CommercialRealEstate
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Farpoint Development is honored to sponsor the 2024 Goldie Gala, celebrating and supporting women in commercial real estate. ✨ Join us on September 19, from 5:30 - 8:30 p.m. at the iconic Great Hall, Union Station, Chicago. Learn more: https://lnkd.in/dDxZ8NgM #FarpointDevelopment #GoldieGala #WomenInCRE #ChicagoEvents #CommunityLeadership #Sponsorship
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Farpoint Development reposted this
Last week, I finished my internship at Farpoint Development in Chicago. Through the past eight weeks, I had the amazing opportunity to work with an exceptional team of professionals and fellow interns. I am incredibly grateful for this opportunity, which has been nothing short of transformative. My primary project this summer was the Bronzeville Lakefront development, tackling a real-world site and design prompt with a focus on the concept of regeneration. I worked with a group of interns and professionals to develop a 10-acre mixed-use parcel designed to improve accessibility and provide affordable housing for low-income residents. I conducted market research and city surveys to ensure the project met local needs, managed the budget for low-income housing tax credits, and collaborated with architects to finalize the project structure and address potential obstacles. This experience allowed me to see our ideas come to life and underscored the importance of integrating community perspectives into development projects. Throughout this internship, I have been profoundly transformed both professionally and personally. The mentorship and guidance I received from everyone at Farpoint Development were invaluable. Their unwavering support was instrumental in my professional growth, and I am incredibly proud to have been part of such an exceptional team. From hands-on experience in real estate development to participating in professional development projects, this internship has provided me with a wealth of knowledge and skills. I have gained invaluable insights into project management, strategic planning, and the importance of community engagement. The dedicated professionals at Farpoint have inspired me with their commitment to excellence and passion for their work. I am deeply grateful to everyone at Farpoint Development who made this internship experience so enriching and memorable. Your willingness to share your expertise and support my learning has made a lasting impact on my professional journey. I am eager to apply the skills and knowledge I have gained to my future endeavors in the real estate industry.
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Yash, our summer intern, shares what he's learning from Farpoint Development! He says, "I hope to learn as much as I can from the entire team around how Farpoint focuses on community impact and creates long-term value through strong partnerships. All of which will help expand my strategic thinking and execution skills within real estate.” It will be exciting to see Yash's insights and ideas come to life throughout his internship, and beyond. #FarpointDevelopment #RealEstateInternships #CareerGrowth
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Congratulations to Cecilia Cuff, Dondee Robinson, and the entire Bronzeville Winery team, on their latest expansion at Chicago O'Hare International Airport Terminal 5! It is wonderful that international travelers can now experience some of the best that our City has to offer. #Chicago #BronzevilleWinery
Reimagining economic development | Chief Strategy & Innovation Officer @ World Business Chicago, a public-private partnership
👏 On behalf of all of us at World Business Chicago: congrats Bronzeville Winery - led by Cecilia Cuff, Dondee Robinson, and team - for their latest expansion at #Chicago O’Hare International Airport Terminal 5! 😋 Via Chicago Sun-Times: “Now, Terminal 5 travelers will be able to experience a bit of our #Bronzeville neighborhood.” ⭐️ Bronzeville Winery continues to shine as one of the brightest gems within our city’s world-class culinary scene. “Guests of the Winery will enjoy a rotating wine list with selections from around the world highlighting Women, Minority and African American owned labels paired with an ever changing seasonal menu that features comfort foods, reimagined with house grown greens as well as locally grown and produced ingredients. The intention of Bronzeville Winery is to create a menu that is as eloquent, interesting and dynamic as the history that shaped the south side of #Chicago.” ➡️ Learn more here: https://lnkd.in/gab83kQZ 📸: Chicago Department of Aviation (CDA) - O'Hare & Midway International Airports
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Discover 939 W North Avenue, an eight-story, Class-A, mixed-use property totaling 200,000 square feet in Chicago’s Lincoln Park neighborhood. Located at the corner of North Avenue and Sheffield Avenue, it’s adjacent to top retail locations like Apple and Lululemon, and is just three miles from downtown With its prime location near the CTA Red Line and Kennedy Expressway, and its proximity to 288,000 residents, the property offers significant potential for businesses. Learn more: https://lnkd.in/gVHz2SfR #FarpointDevelopment #ChicagoRealEstate #LincolnPark #MixedUseProperty
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We are delighted to announce that Regina Stilp, a Founding Principal of Farpoint Development, will receive the 2024 Industry Leadership Award at the Marshall Bennett Institute of Real Estate's 23rd Annual Real Estate Gala. Congratulations, Regina, on this extraordinary achievement! 👏 . . . #FarpointDevelopment #IndustryLeadershipAward #MarshallBennettInstitute #RealEstateGala #CRE #CommercialRealEstate #Leadership #Achievement #Congratulations
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