As the Port of Savannah invests in an expansion aiming to grab more shipping from the West Coast, large warehouse trades are setting records in Savannah's industrial market.
Large warehouse transactions of $25M or more, which dropped 29% nationally last year, surged by 65% in the Savannah market to a record $995M, according to Green Street's data.
Until 2021, the Savannah market had recorded just one industrial transaction worth more than $100M—since then there have been 11 industrial trades of $100M or more, including the current record of $161M, set by ASB Real Estate Investments' purchase of the 1.4M SF Savannah Logistics Center in December 2021.
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