AEW Capital Management and Strategic Real Estate Partners sold Savannah GA based Coastal Commerce Center to Stream Realty Partners for $113 million. The two Class A distribution facilities total 826,250 square feet.
JLL represented the seller, a joint venture between AEW Capital Management and Strategic Real Estate Partners, in the sale to Stream Realty Partners LP.
Coastal Commerce Center comprises two fully leased distribution facilities offering 130'-185' truck courts, 204 trailer parking spaces and 398 auto parking spots. Building A is a 462,000-square-foot cross-dock building with 36' clear heights leased by Performance Team. Building B is a 364,250-square-foot rear-load building with 32' clear heights leased by IDC Logistics.
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