Atlanta-based Intersect Development Group has closed on a 47-acre tract for three buildings in a planned 400,000 square-foot industrial park.

The Huntsville 565 Logistics project will have a ground-breaking in the fall. The first phase of 144,500 square feet is scheduled to be completed in 2021. The Huntsville 565 Logistics park expects to be home to more than 300 workers and represents an investment of some $35 million.

The facility is designed to meet the needs of the growing e-commerce industry and local logistical/service requirements.

The site is adjacent to GE Aviation, the Target distribution center, Polaris Manufacturing and the Mazda Toyota plant.

“This is an exciting time for the Huntsville business community and its workers who will benefit from this new investment,” Intersect founding partner Scott Brown. “With the closing process completed, we look forward to beginning construction quickly and developing this new Class ‘A’ business park that will support hundreds of jobs in the local community.”