{"id":1004464768,"date":"2020-07-17T07:07:59","date_gmt":"2020-07-17T15:07:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004464768"},"modified":"2021-05-10T02:05:19","modified_gmt":"2021-05-10T10:05:19","slug":"lexington-realty-trust-buys-georgia-industrial-park-for-40m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lexington-realty-trust-buys-georgia-industrial-park-for-40m\/","title":{"rendered":"Lexington Realty Trust Buys Georgia Industrial Park for $40M"},"content":{"rendered":"<div id=\"attachment_1004464786\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Dean-Forest-Commerce-Center-e1594984350774.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004464786\" data-attachment-id=\"1004464786\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lexington-realty-trust-buys-georgia-industrial-park-for-40m\/dean-forest-commerce-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Dean-Forest-Commerce-Center-e1594984350774.jpg\" data-orig-size=\"957,717\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Dean Forest Commerce Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Dean Forest Commerce Center. Image courtesy of CBRE&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Dean-Forest-Commerce-Center-e1594984350774.jpg?w=957\" class=\"wp-image-1004464786 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Dean-Forest-Commerce-Center-e1594984350774.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Dean-Forest-Commerce-Center-e1594984350774.jpg 957w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Dean-Forest-Commerce-Center-e1594984350774.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Dean-Forest-Commerce-Center-e1594984350774.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004464786\" class=\"wp-caption-text\">Dean Forest Commerce Center. <em>Image courtesy of CBRE<\/em><\/p><\/div>\n<p>Affiliates of Lexington Realty Trust have spent $39.5 million for Dean Forest Commerce Center. The two-building facility comprise 440,030 square feet of industrial space in Savannah, Ga. The transaction continues the company\u2019s shopping spree, which includes <a href=\"https:\/\/www.commercialsearch.com\/news\/amazons-central-florida-industrial-facility-sells-for-58m\/\">the recent $58.4 million purchase<\/a> of an Amazon-leased facility in Ocala, Fla. &nbsp;&nbsp;&nbsp;<\/p>\n<p>CBRE represented the seller, a partnership between North Signal Capital and a Westport Capital Partners-managed fund. The brokerage team included Senior Vice Presidents Trey Barry and Bill Sparks, Vice Chairmen Frank Fallon and Chris Riley, as well as First Vice President William Lattimore.<\/p>\n<p>Dean Forest Commerce Center is located some 2 miles from Interstate 16, roughly 8 miles from the Port of Savannah and almost 12 miles from Savannah\/Hilton Head International Airport and consists of two free-standing buildings. The 355,527-square-foot asset located at 1315 Dean Forest Road is fully leased to Port Logistics Group, while the 88,503-square-foot building at 1319 Dean Forest Road is solely occupied by SLM Group Holdings.<\/p>\n<p>The larger building features 32-foot clear heights, 141 auto parking spots, 75 trailer parking space and LED lighting in speed bay, while the second facility comprises 32-foot clear heights, 18 dock doors and 66 auto parking spots. The partnership broke ground on the development in 2018 and delivered the Class A assets at the end of 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Located some  8 miles from the Port of Savannah, Dean Forest Commerce Park encompasses 440,000 square feet in two buildings.<\/p>\n","protected":false},"author":748,"featured_media":1004464786,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742],"tags":[32789,36727,37540,40767,33045,36227],"class_list":["post-1004464768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","tag-cbre","tag-lexington-realty-trust","tag-north-signal-capital","tag-port-of-savannah","tag-trey-barry","tag-westport-capital-partners-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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