Tradeport East, a newly constructed industrial building in Savannah, Georgia, sells

ATLANTA, July 25, 2024 – JLL Capital Markets announced today the sale of Building D of Tradeport East, a newly completed Class A+ distribution facility located within the Savannah, Georgia market.

JLL represented the seller, BlueScope Properties Group LLC, and SkyREM, LLC acquired the property.

Totaling 647,496 square feet, including 2,822 square feet of office space, the property is fully leased to Town & Country Living, a globally recognized leader in the production of home textiles, supplying major retailers such as Costco, Home Depot, Lowe’s, Walmart and Wayfair.

This state-of-the-art industrial facility was built in 2022 and was designed to cater to both single and multi-tenant use. With its cross-dock configuration featuring 190-foot concrete truck courts, 36-foot clear heights, multiple entry and exit points and 54-foot x 50-foot column spacing, it offers exceptional convenience and accessibility. The building also includes 60-foot speed bays, a 60-mil TPO membrane roof with a 20-year warranty, ESFR sprinklers, LED lights, 144 dock-high doors (82 with levelers), four drive-in doors and ample parking for 177 trucks and 327 autos.

Located at 313 Tradeport East Blvd., the property allows for easy access to all of Savannah’s major logistical thoroughfares and the ability to service the greater East Coast through proximity to I-95. Additionally, Savannah’s industrial market fundamentals are among the best in the country, achieving the fourth-largest annual absorption nationally in 2023, according to JLL’s Q1 Savannah Industrial Outlook report.

"The development of Building D was an excellent opportunity to deliver a Class A industrial warehouse to the Savannah market. None of this was possible without ARCO Construction, Liberty County, JLL and the BPG team," said Matt Roth, President of BlueScope Properties Group. "I’m thrilled that SkyREM acquired this asset, and I wish SkyREM and Town & Country Living nothing but future success."

"This was an attractive opportunity to acquire a newly built, mission-critical property with an in-place, long-term leased tenant in the Savannah market," said Marc Civitillo, Managing Director at SkyREM. "This is a great addition to our growing industrial portfolio."

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Britton Burdette, Dennis Mitchell and Sean Devaney along with Director Jim Freeman.  

"We are proud to have facilitated the sale of Tradeport East, signifying the increased demand for high-quality industrial assets in Savannah," added Burdette. "Fueled by the Port, limited supply, exceptionally low vacancy rates, substantial market rent growth and an unprecedented volume of tenant requirements, Savannah has been positioned as one of the most attractive industrial investment markets in the country."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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BlueScope Properties Group (BPG) develops commercial and industrial properties throughout North America. BPG is a subsidiary of BlueScope Steel Ltd. (ASX:BSL), an international steel solutions company with a global presence. BPG has direct access to capital for property development projects, no outside investors or special credit facilities are needed. Headquartered in Kansas City, Missouri, BPG is closely connected to BlueScope Buildings North America (BBNA), the leader in customized and fully engineered buildings, BPG leverages the BBNA Builder Networks’ more than 2,000 contractors to build with critical local knowledge and expertise. For more information, visit BlueScopePropertiesGroup.com.

SkyREM, with offices in Philadelphia and in New York City, is a privately funded and managed real estate company which owns and operates a large, diversified portfolio of properties in the United States. As a principal for its own account, Sky is actively acquiring throughout the east coast. To learn more about SkyREM, please contact Marc Civitillo or James Pancetti at 212-888-6920 or visit skyrem.com.