AMB Signs 150,000-SF Tenant

SAVANNAH, GA-AMB Property Corp. has signed its first tenant at its first new building at AMB Morgan Business Center, located 10 miles from the Port of Savannah in Bloomingdale. AMB touts the $20-million building as the first speculative industrial development to be built to the LEED silver certification standard. Foxboro, MA-based Dorel Juvenile Group Inc., a manufacturer and distributor of children’s products, has signed a three-year lease with an estimated value of $1.7 million for 150,000 sf at Building 100.

“Dorel decided to establish an East Coast distribution model to complement our existing West Coast model,” Tim Ferguson, a Dorel executive vice president, said in a release. The company manufacturers the Safety 1st, Cosco Juvenile, Quinny and Maxi-Cosi brands, as well as licensed brands including Disney and Eddie Bauer.

“High fuel costs, growing demand for our products in the eastern US, and ever increasing import volumes drove our interest in Savannah—and AMB Morgan Business Center was identified as the ideal site,” said Ferguson. He added that the building’s sustainability features were also attractive to the company.