{"id":1004716086,"date":"2024-06-10T02:12:48","date_gmt":"2024-06-10T10:12:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004716086"},"modified":"2024-06-10T02:12:51","modified_gmt":"2024-06-10T10:12:51","slug":"stream-realty-partners-buys-savannah-transload-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/","title":{"rendered":"Stream Realty Partners Buys Savannah Transload Facility"},"content":{"rendered":"\n

Stream Realty Partners has purchased Morgan Lakes Transload Facility, a 115,500-square-foot Class A property in Pooler, Ga. North Point Industrial LLC sold the newly built asset in a transaction brokered by JLL.<\/p>\n\n\n

\n
\"Morgan
Morgan Lakes Transload Facility came online early this year. Images courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n

Morgan Lakes Transload Facility came online earlier this year. Renasant Bank provided $19 million in construction financing for the development of the property back in 2022, according to public records.<\/p>\n\n\n\n

The industrial building is move-in ready, being the only unoccupied transload facility the Savannah market, according to JLL. The property features LED lighting, mechanical dock levelers on every door, a 185-foot concrete truck, ESFR sprinklers, 706 trailer spaces and 102 car parking spaces. It also includes 2,500 square feet of office space.<\/p>\n\n\n\n

\n\n\n\n

READ ALSO:<\/strong> Top 5 Metros for Industrial Deliveries<\/a><\/p>\n\n\n\n

\n\n\n\n

Morgan Lakes Transload Facility occupies some 101 acres at 421 Morgan Lakes Industrial Blvd. The property has direct access to Interstate 95 and U.S. Route 80, is 11 miles from the Port of Savannah and less than 8 miles from Savannah\/Hilton Head International Airport.<\/p>\n\n\n\n

JLL Senior Managing Directors Britton Burdette, Dennis Mitchell and Matt Worth and Director Jim Freeman led the Capital Markets Investment Sales and Advisory team that represented the seller and procured the buyer.<\/p>\n\n\n\n

Savannah’s industrial sector shows resilience<\/h2>\n\n\n\n

The regional economy of Savannah continues to grow and witness positive absorption in the industrial sector, even though most U.S. markets are experiencing an economic slowdown.<\/p>\n\n\n\n

Savannah\u2019s industrial sector ended the first quarter of this year with an overall vacancy rate of 7.0 percent, according to a recent Cushman & Wakefield report<\/a>. Leasing activity expanded over the year, with 3.6 million square feet of net absorption at the end of March as opposed to 2.7 million square feet in Q1 2023.<\/p>\n\n\n\n

One of the more notable lease transactions in the first quarter of 2024 was Armstrong Logistics’ commitment to 733,821 square feet<\/a> at Georgia International Trade Center in Port Wentworth, Ga. The company will fully occupy Building 4A, expanding its East Coast presence.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 115,500-square-foot property came online this year.<\/p>\n","protected":false},"author":3014,"featured_media":1004716095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,32781],"tags":[32796,50179,33358],"class_list":["post-1004716086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-southeast","tag-jll","tag-renasant-bank","tag-stream-realty-partners"],"acf":[],"yoast_head":"\nStream Realty Partners Buys Savannah Transload Facility - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Stream Realty Partners has purchased a transload facility in Pooler, Ga., near Savannah. North Point Industrial LLC sold the asset.\" \/>\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\/stream-realty-partners-buys-savannah-transload-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stream Realty Partners Buys Savannah Transload Facility\" \/>\n<meta property=\"og:description\" content=\"Stream Realty Partners has purchased a transload facility in Pooler, Ga., near Savannah. North Point Industrial LLC sold the asset.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/\" \/>\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=\"2024-06-10T10:12:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-10T10:12:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Morgan-Lakes-Transload-Facility-1-e1717591524598.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1650\" \/>\n\t<meta property=\"og:image:height\" content=\"1237\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\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\/stream-realty-partners-buys-savannah-transload-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/\",\"name\":\"Stream Realty Partners Buys Savannah Transload Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Morgan-Lakes-Transload-Facility-1-e1717591524598.jpg\",\"datePublished\":\"2024-06-10T10:12:48+00:00\",\"dateModified\":\"2024-06-10T10:12:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"Stream Realty Partners has purchased a transload facility in Pooler, Ga., near Savannah. North Point Industrial LLC sold the asset.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Morgan-Lakes-Transload-Facility-1-e1717591524598.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Morgan-Lakes-Transload-Facility-1-e1717591524598.jpg\",\"width\":1650,\"height\":1237,\"caption\":\"Morgan Lakes Transload Facility was completed in January 2024. Images courtesy of JLL Capital Markets\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stream Realty Partners Buys Savannah Transload Facility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\",\"name\":\"Diana Firtea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"caption\":\"Diana Firtea\"},\"description\":\"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Stream Realty Partners Buys Savannah Transload Facility - Commercial Property Executive","description":"Stream Realty Partners has purchased a transload facility in Pooler, Ga., near Savannah. North Point Industrial LLC sold the asset.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/","og_locale":"en_US","og_type":"article","og_title":"Stream Realty Partners Buys Savannah Transload Facility","og_description":"Stream Realty Partners has purchased a transload facility in Pooler, Ga., near Savannah. North Point Industrial LLC sold the asset.","og_url":"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-06-10T10:12:48+00:00","article_modified_time":"2024-06-10T10:12:51+00:00","og_image":[{"width":1650,"height":1237,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Morgan-Lakes-Transload-Facility-1-e1717591524598.jpg","type":"image\/jpeg"}],"author":"Diana Firtea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/","url":"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/","name":"Stream Realty Partners Buys Savannah Transload Facility - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Morgan-Lakes-Transload-Facility-1-e1717591524598.jpg","datePublished":"2024-06-10T10:12:48+00:00","dateModified":"2024-06-10T10:12:51+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59"},"description":"Stream Realty Partners has purchased a transload facility in Pooler, Ga., near Savannah. North Point Industrial LLC sold the asset.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Morgan-Lakes-Transload-Facility-1-e1717591524598.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Morgan-Lakes-Transload-Facility-1-e1717591524598.jpg","width":1650,"height":1237,"caption":"Morgan Lakes Transload Facility was completed in January 2024. Images courtesy of JLL Capital Markets"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/stream-realty-partners-buys-savannah-transload-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Stream Realty Partners Buys Savannah Transload Facility"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59","name":"Diana Firtea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","caption":"Diana Firtea"},"description":"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Morgan-Lakes-Transload-Facility-1-e1717591524598.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004716086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3014"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004716086"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004716086\/revisions"}],"predecessor-version":[{"id":1004716582,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004716086\/revisions\/1004716582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004716095"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004716086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004716086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004716086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}