Lincoln Property Company and New York Life Investment Management Break Ground on Chicopee 985 Commerce Center in Gainesville

Gainesville, GA. Nov. 5, 2026 - Lincoln Property Company (Lincoln) today announced it has broken ground on Chicopee 985 Commerce Center, a 133,000-square-foot industrial development in Gainesville, Georgia, in partnership with New York Life Investment Management's (NYLIM) Real Estate Investors and Tamarack Investments.

Chicopee 985 Commerce Center will deliver 32-foot clear heights, 33 dock-high doors and 26 trailer parking spaces, with suites divisible to 30,000 square feet, serving regional distributors and manufacturers. The site sits less than a mile from I-985 with direct four-lane access, a distinction in a submarket where much of the competing product is reached by two-lane roads and at-grade rail crossings. Delivery is scheduled for May 2027.

"Northeast Atlanta is the strongest-performing industrial submarket in the region right now, and there is very little modern product coming out of the ground with this kind of access," said Sam Simpson, Vice President of Industrial, Lincoln Property Company. "Plenty of buildings get toured. Being a mile off I-985 with an easy truck approach is what gets this one leased."

The project also benefits from Georgia's newest logistics infrastructure. The Gainesville Inland Port, a $134 million Georgia Ports Authority facility located a few miles from the site, opened in May 2026 and offers Norfolk Southern rail service five days a week to the Port of Savannah, with capacity for 200,000 containers annually at full build-out. Hall County remains one of the state's largest manufacturing employment centers, with a deep and established industrial workforce.

The Chicopee name is a nod to the historic unincorporated community where the property sits, as part of an effort to root the project in the area's long industrial heritage.

"Rents in Gwinnett County are the highest in metro Atlanta, and we are seeing users move north along the corridor to find space that works economically. Chicopee 985 is built for exactly that tenant," said Robert Bevers, Director, NYLIM.

Frank Simpson and Sam Simpson of Lincoln Property Company are the leasing agents for Chicopee 985 Commerce Center. For leasing information, visit www.lpc.com.

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About Lincoln Property Company
Lincoln Property Company ("Lincoln") is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln's combined management and leasing portfolio on behalf of institutional clients includes more than 720 million square feet of commercial space. For more information, visit: www.lpc.com.

About New York Life Investment Management
New York Life Investment Management (NYLIM) is a global investment platform with approximately $837.6 billion in assets under management as of June 30, 2026, with capabilities across public and private markets. Real Estate Investors, an investment division within NYL Investors LLC and an affiliate of New York Life Investment Management, focuses on the origination, investment, and management of U.S. real estate-related debt, equity, and securities products on behalf of its investment clients. "New York Life Investment Management" is both a service mark and the common trade name of certain investment advisers affiliated with New York Life Insurance Company. For additional information, visit nylim.com.