ATLANTA, GA (April 1, 2025) – Lee & Associates – Atlanta is pleased to announce the successful lease transaction of 88,300 square feet at 9850 Commerce Way in Douglasville, GA, on behalf of Peco Fasteners.

The lease was secured with EastGroup Properties with a total transaction volume of $10,702,789. Joseph Mullican, SIOR, and Lee Steed of Lee & Associates – Atlanta represented the tenant in the deal.

Peco Fasteners, a leading distributor in the industrial fasteners & electrical product space, will use the facility to expand its operations and better serve its growing customer base throughout the region.

The mixed-use village component of the development program is planned to feature a broad array of shopping and dining options including a grocer and large format national retailers, as well as local and regional restaurants, cafes, and shops organized around a central green space that will be activated by community events and serve as the social heart of the village. Integrated within sections of the village and connected via a path and trail network, the residential offering will be designed to serve a broad range of ages and lifestyle preferences and will house approximately 2,800 families in single-family homes, townhomes, and apartments. All sections of the master-planned development will be interconnected via Aubrey Parkway, a carefully planned primary roadway that will ensure optimal and convenient accessibility for residents, guests, and employees and limit the traffic load on existing roadways.

The project is projected to be completed over the next ten to twelve years in several phases, with Hines expecting to break ground on the initial infrastructure in late 2025 or 2026. Jim Ramseur and Samantha Wheeler with Lee & Associates represented Aubrey Corporation in venture formation and Ramseur Real Estate Advisors will act as the managing consultant for the ventures’ commercial and residential parcels moving forward.