Transwestern JV to Develop 529 KSF Savannah Project
The two industrial buildings will be part of a larger campus.

A joint venture between Transwestern Development Co. and Transwestern Investment Group—on behalf of a separately managed account—will develop Buildings 5 and 6 at North Gate Industrial Park in Savannah, Ga. The partnership acquired a 30.7-acre site for the facilities, which are set to total 528,560 square feet.
Construction will start later this month. The project team includes The Conlan Co., Randall-Paulson Architects and Kern & Co. JLL will handle leasing efforts.
Transwestern will develop a 240,560-square-foot rear-load building and a 288,000-square-foot front-load facility, each with 36-foot clear heights, dock-high loading doors and multiple points of ingress and egress. Additionally, the properties will have on-site trailer storage, 2,500 square feet of office suites and car parking spots.
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North Gate Industrial Park already has three completed buildings. Those total 853,019 square feet and traded last year, when Greenland Developers sold them to The Orden Co. The campus is 11 miles from Savannah/Hilton Head International Airport. Downtown Savannah is within 15 miles southeast. The facilities will have direct access to interstates 95 and 16.
Savannah’s growing industrial inventory
Savannah had 3.3 million square feet of industrial space under construction at the end of the third quarter, according to a CBRE report. Between July and September, 743,000 square feet came online and 431,000 square feet broke ground.
In June, Capital Development Partners obtained financing for the development of three speculative industrial facilities totaling 1.2 million square feet. The warehouses will be part of Central Port Logistics Center.
At the beginning of the year, a joint venture between Trinity Capital and Barings started work on the second phase of Horizon 16 Industrial Park. Plans call for 1.5 million square feet across six buildings at full build-out.

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