June 26, 2020
Privately held real estate investment firm Stonemont Financial Group has completed construction on the first phase of the Georgia International Trade Center, a large-scale, rail-served industrial park in Savannah.
Located ten miles from Georgia Port Authority’s (GPA) Garden City Terminal, the site is entitled to accommodate up to 7.2 million square feet of industrial development and includes CSX rail service with direct access to the port. Tenants recently signing leases at GITC include Shaw Flooring, Sunland Logistics Solutions and Dukal Corp.
“The phenomenal pace of absorption we’ve seen in the first phase alone demonstrates a clear and healthy level of demand from 3PL providers and other logistics firms that will continue to accelerate moving forward,” said Zack Markwell, managing principal and CEO at Stonemont. “The market intelligence and data we were able to glean from our initial build-to-suit engagement with Shaw Flooring played an integral role in the successful development of the speculative buildings that immediately followed and were quickly leased up or sold.”
For comments, questions or concerns, please contact David Cohen