{"id":1004371106,"date":"2019-11-25T05:55:26","date_gmt":"2019-11-25T13:55:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004371106"},"modified":"2019-11-26T07:57:41","modified_gmt":"2019-11-26T15:57:41","slug":"omnitrax-kicks-off-2700-acre-savannah-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/omnitrax-kicks-off-2700-acre-savannah-industrial-park\/","title":{"rendered":"OmniTrax Kicks Off 2,700-Acre Savannah Industrial Park"},"content":{"rendered":"
\"\"<\/a>

Savannah. Image courtesy of Visit Savannah<\/em><\/p><\/div>\n

OmniTrax and parent company The Broe Group have commenced development of the first 1 million-square-foot building at the Savannah Gateway Industrial Hub, a 2,700-acre park sited 12 miles outside the Port of Savannah in Georgia. The project is a public-private endeavor, with Effingham County Industrial Development Authority as owner of the master-planned industrial park<\/a>, which has the capacity for as much as 18 million square feet of space at full build-out.<\/p>\n

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READ ALSO<\/strong>: Industrial Sector on Fire as Experts Brace for Change<\/a><\/p>\n

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Savannah. Image courtesy of Visit Savannah<\/em><\/p><\/div>\n

SGIH has been in the works since 2016, when ECIDA selected OmniTrax<\/a>, a fast-growing railroad and transportation management company, as its development partner. A commitment from A&R Logistics just over one month ago sparked the groundbreaking on the park’s initial building. A&R inked a 12-year lease agreement for 610,000 square feet and secured an expansion option to occupy the remaining square footage of the build-to-suit facility.<\/p>\n

In addition to erecting the new home of A&R’s global export operation, Omni will build park-serving rail infrastructure spanning more than 7 miles, a multi-customer OmniTrax rail yard and an additional dedicated rail yard for A&R. Construction is on track to reach completion in the fourth quarter of 2020.<\/p>\n

Playing keep up<\/strong><\/h2>\n

OmniTrax has not yet disclosed plans for speculative development at SGIH; however, any additions to the local market would likely find a warm reception. U.S. seaport and inland port markets<\/a> are still experiencing the greatest demand for new industrial product, according to a third quarter 2019 report by Colliers International, which is overseeing marketing of SGIH. And looking ahead, occupiers’ requirement for new state-of-the-art warehouse accommodations will persist as a result of the increasing percentage of consumers purchasing goods online.<\/p>\n

In Savannah, development of bulk space continues to keep pace with demand. The annual vacancy rate for bulk space has remained under 3.5 percent since 2015 and declined year-over-year to 2.2 percent in the third quarter, according to the Colliers report. As of the close of the third quarter, only one-third of all industrial deliveries from the first half of 2019 remained vacant in the southern city.<\/p>\n","protected":false},"excerpt":{"rendered":"

A&R Logistics’ build-to-suit lease prompted the start of a 1 million-square-foot facility at the master-planned project, which has capacity for 18 million square feet of development.<\/p>\n","protected":false},"author":969,"featured_media":1004371109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21782,21808,21748,21742],"tags":[32763,38761,38762],"class_list":["post-1004371106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-development","category-featured","category-industrial","category-latest","tag-colliers-international","tag-omnitrax-inc","tag-the-broe-group"],"acf":[],"yoast_head":"\nOmniTrax Kicks Off 2,700-Acre Savannah Industrial Park - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/omnitrax-kicks-off-2700-acre-savannah-industrial-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OmniTrax Kicks Off 2,700-Acre Savannah Industrial Park\" \/>\n<meta property=\"og:description\" content=\"A&R Logistics' build-to-suit lease prompted the start of a 1 million-square-foot facility at the master-planned project, which has capacity for 18 million square feet of development.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/omnitrax-kicks-off-2700-acre-savannah-industrial-park\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-25T13:55:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-26T15:57:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Savannah-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/omnitrax-kicks-off-2700-acre-savannah-industrial-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/omnitrax-kicks-off-2700-acre-savannah-industrial-park\/\",\"name\":\"OmniTrax Kicks Off 2,700-Acre Savannah Industrial Park - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/omnitrax-kicks-off-2700-acre-savannah-industrial-park\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/omnitrax-kicks-off-2700-acre-savannah-industrial-park\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Savannah-1.jpg\",\"datePublished\":\"2019-11-25T13:55:26+00:00\",\"dateModified\":\"2019-11-26T15:57:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/omnitrax-kicks-off-2700-acre-savannah-industrial-park\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/omnitrax-kicks-off-2700-acre-savannah-industrial-park\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/omnitrax-kicks-off-2700-acre-savannah-industrial-park\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Savannah-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Savannah-1.jpg\",\"width\":800,\"height\":620,\"caption\":\"Savannah. 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