Trammell Crow has partnered with MetLife Investment Management to purchase a 477-acre site in Effingham County near Savannah for the construction of a 4.7M SF industrial campus, bringing much-needed new Class A space to the tightest industrial market in the US.
A transaction price was not disclosed. The seller, Greenland Developers, was represented by JLL, according to a release on Trammell's website.
The partners are planning a six-building campus to be known as Coastal Trade Center that will be built in two phases at a site in Rincon, GA along State Highway 21 about 14 miles from the Port of Savannah. The industrial campus will be located on a to-built street that will be called Coastal Trade Center Parkway.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
