By Evelyn Jozsa
Bridge Development Partners LLC and Bentall Kennedy is set to develop a 285,000-square-foot cold storage facility for Frozen Assets Cold Storage (FACS) in Savannah, Ga. The $50-million project marks the third cold storage deal between Bridge Development Partners and FACS. The facility is slated for completion by early 2020.
Located at 2375 Tremont Road, the cold storage is near interstates 516 and 16 and Freeway 17, approximately 15 miles from Savannah/Hilton Head International Airport. “As the fourth largest port market in the U.S. and an optimal location for food distribution operations in the Eastern U.S., Savannah is a critical market for FACS to expand its platform,” said Brian Niven, senior vice president of Cold Storage at Bridge Development Partners, in prepared remarks.
The new building is developed specifically for FACS with a 15-year lease in place. The build-to-suit facility will feature 50-foot clear height ceilings. The new project will serve the refrigerated import and export needs of the Port of Savannah.
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