ATLANTA—CRG is developing a two-building, 1.7 million-square-foot spec distribution center near the Port of Savannah. The real estate development arm of Clayco purchased two parcels of land for the project in 2016.
CRG engaged JLL to lease the speculative industrial development. Steve Grable and Chris Tomasulo of JLL represented CRG in the land acquisition from Dallas-based Stratford Land.
“CRG believes strongly in the future of the Savannah industrial market,” says Mike Demperio, vice president and Southeast partner at CRG. “We see opportunity as a result of the opening of the Panama Canal and the work done on deepening the Port of Savannah.”
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