{"id":1004693462,"date":"2023-12-08T05:10:56","date_gmt":"2023-12-08T13:10:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004693462"},"modified":"2023-12-11T06:32:09","modified_gmt":"2023-12-11T14:32:09","slug":"broe-group-jv-lands-new-tenant-at-20-msf-savannah-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/broe-group-jv-lands-new-tenant-at-20-msf-savannah-industrial-park\/","title":{"rendered":"Broe Group JV Lands New Tenant at 20 MSF Savannah Industrial Park"},"content":{"rendered":"
\"Aerial<\/a>

Savannah Gateway Industrial Hub is a 2,600-acre logistics campus. Image courtesy of The Broe Group<\/em><\/p><\/div>\n

Kyungshin America Corp<\/strong>. has selected the 20 million-square-foot Savannah Gateway Industrial Hub for the location of its new distribution center, in Rincon, Ga. The South Korea-based automotive part supplier will open a 136,000-square-foot facility in February as part of its production expansion.<\/p>\n

The Broe Group<\/strong>, together with its transportation affiliate, OmniTRAX<\/strong>, and Effingham County Industrial Development Authority<\/strong>, is the owner of the 2,600-acre multimodal logistics park.<\/p>\n

\n

READ<\/strong> ALSO<\/strong>: Why Warehouse Location Is More Important Than Ever<\/a><\/p>\n

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Kyungshin’s new facility will import and distribute automotive components to Hyundai Motor Group\u2019s $7.5 billion electric vehicle plant in Savannah. The company is a certified Hyundai supplier and produces wire harnesses for automotive companies. The move will also support the growing automotive manufacturing industry in the Southeastern U.S., as well as create approximately 70 new jobs and generate more than $22 million investments in Effingham County, Effingham Herald <\/em>reported.<\/p>\n

Savannah Gateway Industrial Hub offers various site configurations for lease or purchase, build-to-suit options and is also part of the Georgia Ready for Accelerated Development Program. The industrial campus provides easy access to the Port of Savannah, to CSXT and Norfolk Southern Railroads systems as well as major transportation corridors, including interstates 95, 16, and U.S. Highway 21.<\/p>\n

The master-planned industrial park currently has 33 buildings in planning stages or under construction, with Colliers<\/strong> Principals Cliff Dales and David Sink in charge of leasing. Tenants at Savannah Gateway Industrial Hub include DHL, Quantix, Bissell Homecare, Inc. and Lion Brand Yarns.<\/p>\n

Growing industrial footprint since 2016<\/h2>\n

Savannah Gateway Industrial Hub has been in the works since 2016, when Effingham County Industrial Development selected OmniTrax as its development partner for the megaproject, designed to fill the gap between supply and demand in Savannah’s industrial sector.<\/p>\n

In 2019, a commitment from A&R Logistics, now rebranded as Quantix, sparked the groundbreaking<\/a> on the industrial park’s first building, totaling 1 million square feet. At the time, Quantix’s build-to-suit, 12-year lease amounted to 610,000 square feet.<\/p>\n

The Broe Group also sold multiple buildings at the multimodal logistics park: in 2021 the 998,472-square-foot 1004 Gateway Parkway<\/a> was purchased by Walton Street Capital. In late 2022, TerraCap Management LLC acquired Buildings 1H and 1F in a $116 million deal.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kyungshin America Corp. will open a new distribution facility at the campus.<\/p>\n","protected":false},"author":2991,"featured_media":1004693463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,32781],"tags":[35498,32920,38761,38762],"class_list":["post-1004693462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-southeast","tag-colliers","tag-hyundai","tag-omnitrax-inc","tag-the-broe-group"],"acf":[],"yoast_head":"\nBroe Group JV Lands New Tenant at 20 MSF Savannah Industrial Park - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Kyungshin America Corp. has selected the 20-million-square-foot Savannah Gateway Industrial Hub to open its new distribution center.\" \/>\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\/broe-group-jv-lands-new-tenant-at-20-msf-savannah-industrial-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broe Group JV Lands New Tenant at 20 MSF Savannah Industrial Park\" \/>\n<meta property=\"og:description\" content=\"Kyungshin America Corp. has selected the 20-million-square-foot Savannah Gateway Industrial Hub to open its new distribution center.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/broe-group-jv-lands-new-tenant-at-20-msf-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=\"2023-12-08T13:10:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-11T14:32:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/Broe_-_KAC_Press_Release_Photo_12.6.23.max-1200x675-1-e1701960418803.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\/broe-group-jv-lands-new-tenant-at-20-msf-savannah-industrial-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/broe-group-jv-lands-new-tenant-at-20-msf-savannah-industrial-park\/\",\"name\":\"Broe Group JV Lands New Tenant at 20 MSF Savannah Industrial Park - 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