OAK BROOK, IL – CenterPoint Properties has acquired a land site in the 2100 – 2200 blocks of Georgia State Highway 307 (Dean Forest Road) in Savannah, GA.
The 72.81-acre site is just 3 miles from the Port of Savannah, less than 5 miles from the Savannah/Hilton Head International Airport and has proximate access to I-16 and I-95.
Demand in the supply-constrained Savannah market is strong for smaller, single-loaded and port-proximate warehousing. By acquiring one of the closest available raw land sites to the rapidly growing Port of Savannah, CenterPoint can fulfill the market’s need for Class A warehouse space with abundant parking and additional container yard space.
“This site offers us the unique ability to build a modern facility with plenty of space for parking and storage – as much as 15 acres of additional trailer parking and storage. The market is demanding it, so we’re thrilled to build a new facility from the ground up so close to the Port,” said Brian Hollings, CenterPoint Vice President of Development.
Ronel Borner, CenterPoint Senior Vice President of Development, added: “Savannah is one of our target markets because it has such strong economic fundamentals. The Port of Savannah continues to be a major economic driver with TEU volumes expected to continue being strong in 2021 and in the long-term. This asset will be a great complement to our portfolio there that already includes the CenterPoint Intermodal Center – Savannah.”
When it’s completed, the park will add approximately 650,000 SF of Class A assets to the CenterPoint portfolio.
About CenterPoint Properties
CenterPoint is an industrial real estate company made up of dedicated thinkers, innovators and leaders with the creativity and know-how to tackle the industry’s toughest challenges. And it’s those kinds of problems — the delicate, the complex, the seemingly impossible — that we relish most. Because with an agile team, substantial access to capital and industry-leading expertise, those are exactly the kinds of problems we’re built to solve. For more information on CenterPoint Properties, follow us on LinkedIn. For all media inquiries, including requests for interviews with CenterPoint executives, please contact firstname.lastname@example.org or 630.586.8285.