Home Depot In Talks To Build Large Distribution Center In McDonough
By: Katie Parsons
on Thursday, March 29, 2012
The Atlanta-based home improvement chain The Home Depot will build a 1-million-square-foot online order fulfillment center In McDonough, according to real estate insiders.
While the company has not officially signed a lease, spokespeople for Home Depot did say that the big box corporation has plans to open an online distribution center in the state within the next 18 months. If the McDonough plan takes place, up to 300 jobs would be created for the Greater Atlanta region.
The location of the proposed facility is a 230-acre piece of land on Highway 155 in McDonough that is owned by ProLogis. It has been considered by other companies in the past for distribution center purposes. Most notably, PetSmart was in talks to procure the tract a few years ago.
Real estate industry experts believe that the talks by The Home Depot to buy the land for the order fulfillment center are legitimate and likely to come into play within the next few months.
The decision would impact the greater Atlanta area’s job growth and provide an extra boost for Henry County. Already in 2012, Henry County procured a large distribution center contract with Georgia-Pacific Corporation for a 900,000-square-foot distribution facility. It was considered a much needed industrial real estate undertaking at the time it was announced.
A new distribution center for The Home Depot is necessary to accommodate the 8 percent annual increase the store has seen on average in online sales over the past five years. This is in contrast to traditional, in-store sales that have dipped 5 percent in the same time frame.