95 Logistics at Pooler Parkway. Picture courtesy of PCCP
PCCP LLC, in a three way partnership with NFI Industries, has bought 95 Logistics at Pooler Parkway, a 565,000-square-foot industrial campus in Pooler, Ga. The 2-building asset beforehand traded in 2020, when the present vendor, AXA Actual Property, purchased the property for $46.3 million from McCraney Property Co., in line with CommercialEdge.
Situated at 1030 and 1240 S.H. Morgan Parkway, 95 Logistics at Pooler Parkway options 32-foot clear heights and ESFR sprinkler techniques, in addition to a complete of 104 dock doorways, 295 automobile parking spots and 147 trailer parking spots. The 347,525-square-foot Constructing I, a build-to-suit undertaking for NFI, is at present utilized by the corporate’s third-party logistics enterprise; the 216,964-square-foot Constructing II, a rear-load facility, is house to GCE Worldwide and Retailer Provide Warehouse.
Accomplished on 35 acres in 2019, the campus is near interstates 16 and 95, some 7 miles from Savannah-Hilton Head Worldwide Airport, and inside 15 miles of Georgia Ports Authority’s Ocean and Backyard Metropolis terminals.
Port of Savannah, a fast-growing market
Port of Savannah is the fourth-largest container port and has one of many tightest industrial markets within the U.S., PCCP Managing Director Ryan Dodge stated in ready remarks. With a 31 p.c development throughout the previous 5 years, Georgia Ports Authority determined to develop the Port of Savannah by 210,000 TEUs in 2021, planning so as to add one other 3.5 million TEUs by the tip of 2025.
And the realm is brimming with industrial growth. Earlier in February, EJF Capita and North Sign Capital obtained $75 million in financing for the development of three Class A warehouses, that can complete 1.3 million sq. toes, lower than 10 miles from Port of Savannah.
Buyers are additionally concentrating on this high-growth market. In a latest deal, Stream Realty Companions bought a two-building industrial campus in Backyard Metropolis, Ga., for $113 million.
