Inland Atlantic Georgia Old National Venture LLC to Break Ground on Old National Marketplace Shopping Center in College Park, Georgia

(BUSINESS WIRE)--Inland Atlantic Georgia Old National Venture LLC, a joint venture between Inland Atlantic Development Corporation, Pointe Development Company and Heritage Creek Development I, LLC, announced November 16 that it has broken ground on Phase I of Old National Marketplace, a premiere shopping center development located in College Park, Georgia. Part of a planned 297,000 project, Phase I will encompass approximately 99,000 square feet and has tenant commitments that currently place occupancy at nearly 90 percent. Major tenants include LA Fitness, Family Dollar and fashion retailers Citi-Trends and It’s Fashion.

“As the climate for commercial real estate in Atlanta continues to improve, retailers have started looking for the next step to develop their pipelines for future growth, and we’ve found they really like what Old National Marketplace has to offer,” said John DiGiovanni, president of Inland Atlantic Development Corporation. “This is a great location in a market with a lot of untapped potential, and we’ve seen a very strong response from retailers that are excited to be a part of this project.”

Site clearing began on November 8 and construction will be complete by October 2011, DiGiovanni said. Additional tenants include Shoe Land and VIP Nails salon, and potential leases with T-Mobile and Anna’s Linens. Leasing is already underway for Phase II, with interest from several major national and local tenants.

“We’ve already seen good response to Phase I of the project,” DiGiovanni said. “Once construction begins, we expect the excitement among retailers to grow and leasing activity to snowball. In terms of new development in the Atlanta area, this is one of the few that’s coming out of the ground.”

Florida-based Pointe Development Company principles, Alan Sakowitz and Maurice Egozi and Atlanta-based Heritage Creek Development I, LLC principle Wayne Kendall are Inland Atlantic Development Corporation’s partners in the joint venture. Construction management of the project will be overseen by Randy Josepher, executive vice president of Inland Atlantic Development.

The principle partners in Inland Atlantic Development Corporation previously created a development pipeline of more than a million square feet for Inland Retail Real Estate Trust, Inc., a real estate investment trust that was sold in 2007 for $6.2 billion.

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Military training device supplier to expand in Eastanollee

Combat Training Solutions, which manufactures simulated explosives for the military, announced today that it plans to add more than 30 jobs and invest $1 million to expand in Stephens County.

“Helping entrepreneurial companies expand is an important part of our mission,” said Ken Stewart, commissioner of the Georgia Department of Economic Development. “We are especially proud that Combat Training Solutions is not only growing our economy, but also supporting our troops.”

Combat Training Solutions, founded in 2005 in Stephens County, evolved from a recreational paintball company into a full-fledged defense contractor. With an extensive line of military and law enforcement training products, CTS’s proprietary systems allow the trainee to be in direct contact with the explosion effect without injury. This unique feature is the driving reason for its extensive usage by U.S. and allied militaries around the world.

CTS has purchased a 6,000-square-foot building on close to seven acres at the Meadowbrook Industrial Park in Stephens County. The company expects rapid growth as it continues to add to its product line and service offerings.

“This move meets an immediate need in our manufacturing and engineering operations while the additional acreage permits rapid expansion as new contracts materialize,” said Nathan Brock, president and CEO of Combat Training Solutions.

“We appreciate Combat Training Solution’s additional investment in our community and the additional jobs they will provide for our people,” said Bob Defenbaugh, chairman of the Stephens County Development Authority. “We’re proud of their accomplishments and will continue to support them and assist their growth. Combat Training Solutions is a great example of the entrepreneurial spirit of our people and the talent that we have right in our own back yard.”

Suzanne Browne was project manager for GDEcD.

Combat Training Solutions, Inc. (CTS) is the leading provider of innovative non-pyrotechnic Improvised Explosive Device (IED) simulation products and integrated solutions for education, training and operations. Based upon a legacy of non-pyrotechnic design achievements, CTS has successfully adapted its technologies to national security, defense and law enforcement organizations across the U.S. and abroad. CTS continues to deliver on its mission to design, manufacture and integrate the most advanced simulators and training devices available today to better prepare war fighters for battle and help win the war on terror.
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