2509 Dean Forest Highway. Picture courtesy of Dermody Properties
Dermody Properties has acquired a 312,000-square-foot logistics facility at 2509 Dean Forest Highway in Backyard Metropolis, Ga. The vendor was Prologis, in line with CommercialEdge knowledge. The asset final traded in 2011 for $11.3 million, the identical knowledge supplier exhibits. JLL brokered the deal.
Accomplished in 2009, the Class A property is located on 34 acres of land. On the time of the deal, the constructing was occupied by Yokohama Off-Freeway Tires America Inc. and GFA Inc. The asset options 32-foot clear heights, three drive-in doorways, 89 dock-high doorways and ESFR fireplace safety, together with 74 trailer parking areas.
The property is positioned near Freeway 21, getting access to interstates 95 and 16. It’s instantly adjoining to the Savannah/Hilton Head Worldwide Airport. The asset can be some 7 miles from Savannah, Ga., and fewer than 4 miles from the Port of Savannah.
JLL’s Senior Managing Administrators Dennis Mitchell, Matt Wirth and Britton Burdette, together with Administrators Mitchell Townsend and Jim Freeman organized the transaction. Mitchell was lately concerned within the sale of a 1.4 million-square-foot industrial portfolio together with property throughout Atlanta and Memphis, Tenn.
In ready remarks, Dermody Properties Southeast Area Associate Wes Hardy talked about that the property’s zero-turn entry to the Backyard Metropolis Terminal represents a big benefit for the power. The corporate has been increasing its portfolio all through the U.S. Lately, Dermody paid $132 million for a 717,544-square-foot industrial campus close to Seattle.
