We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » GPA sells 5 million square feet at Savannah
newsworthy

GPA sells 5 million square feet at Savannah

February 7, 2017
DC Velocity Staff
No Comments

The Georgia Ports Authority (GPA), which operates the ports of Savannah and Brunswick, said it has tentatively sold 500 acres of industrial property near the Port of Savannah to unidentified buyers to accommodate growing demand for warehousing, distribution, and trans-loading facilities near the nation's fourth-busiest container port.

The new development, located on five parcels at GPA's Savannah River International Trade Park, can accommodate up to 5 million square feet of logistics space, said GPA. The transactions have yet to close, Robert Morris, a GPA spokesman, said today.

The parcels are about one mile from Interstate 95, which runs north-south from Maine to Florida, and less than five miles from Savannah's Garden City intermodal container terminal. GPA officials said the property's sale and subsequent development is designed to meet growing customer demand for services from the Southeast to the Midwest. Last September, GPA launched a four-year, $128 million program, called the "Mid-American Arc," to establish an "arc" of coverage linking the two rail yards at Garden City with Memphis, Atlanta, Chicago, St. Louis, and the Ohio Valley. The service will create sufficient traffic density to allow for the building of 10,000-square-foot-sized unit trains at the terminal, port officials said at the time.

The announcement, which was made over the weekend, "will help further establish Savannah as a gateway port for the U.S. Southeast and beyond," said Executive Director Griff Lynch in a statement.

David Egan, head of industrial and logistics research at real estate and logistics services company CBRE Group Inc., said in an e-mail that it is significant for a market the size of Savannah to add 5 million square feet of prime industrial property. Egan added that the expansion will enable GPA to keep tenants in Savannah that might have otherwise been forced to relocate to the Atlanta area, nearly 250 miles northwest, for access to industrial capacity.

Savannah has experienced strong traffic growth for several years, much of it due to the broad appeal of the Garden City terminal, considered one of the best-run intermodal yards of any U.S. port. Savannah has set records for twenty-foot equivalent container unit (TEU) traffic for the last three months through January.

Transportation Maritime & Ocean
KEYWORDS CBRE Georgia Ports Authority
  • Related Articles

    UPS adds 1.2 million square feet to North American supply chain network

    CenterPoint Properties acquires 1.1 million square feet of leased property in Georgia, Virginia

    Walgreens expanding Ohio DC to 1 million square feet

Recent Articles by DC Velocity Staff

Need an item? Hail a store

Cobot sales forecast for swift rebound from “arid” slump in 2020

ATA cheers court ruling upholding looser hours of service caps

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Cold chain giant Lineage Logistics buys its own rail operator

  • For container lines and ports, what a difference a year makes

  • Outlook 2021: What’s in store for logistics supply chain?

  • Capacity challenges will continue in 2021

  • Cushman & Wakefield Brokers Sale of 170 Acres plus Lease for 1MSF Build-to-Suit for Home Improvement Retailer in Commerce City, CO.

Now Playing on DCV-TV

2mw 01 11 21 thumb

Ocean Sector Shaping the Next Shipageddon

DCV-TV 4: Viewer Contributed
If you're a shipper, it's never good when a rep for an ocean carrier tells you, "You better sit down before you read this." We've been seeing astoundingly high increases in the ocean sector and they seem to have staying power. While the ocean carriers used blank sailings last year to tip the balance of supply and...

FEATURED WHITE PAPERS

  • Proven Benefits: A Compendium of Slotting Optimization Success Snapshots

  • Bridging Information Gaps in Dock and Yard Operations

  • How Intelligent Sensor Solutions Turn Data Into Action

  • Order picking Solutions: Understanding Your Options

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing