{"id":1004728689,"date":"2024-09-12T04:09:31","date_gmt":"2024-09-12T12:09:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004728689"},"modified":"2024-09-12T04:28:54","modified_gmt":"2024-09-12T12:28:54","slug":"transwestern-acquires-1-2-msf-distribution-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transwestern-acquires-1-2-msf-distribution-center\/","title":{"rendered":"Transwestern Buys 1.2 MSF Distribution Center Near Savannah"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Interstate-West-Building-C.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004728692\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/transwestern-acquires-1-2-msf-distribution-center\/interstate-west-building-c\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Interstate-West-Building-C.jpg\" data-orig-size=\"1000,750\" 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;0&quot;}\" data-image-title=\"Interstate West Building C\" data-image-description=\"&lt;p&gt;Exterior shot of Interstate West\u2019s Building C in Ellabell, Ga.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Building C came online two years ago and features 212 dock-high loading doors and four drive-in doors. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Interstate-West-Building-C.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Interstate-West-Building-C.jpg\" alt=\"Exterior shot of Interstate West\u2019s Building C in Ellabell, Ga.\" class=\"wp-image-1004728692\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Interstate-West-Building-C.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Interstate-West-Building-C.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Interstate-West-Building-C.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">Building C came online two years ago and features 212 dock-high loading doors and four drive-in doors. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Transwestern Investment Group has acquired Interstate West\u2019s Building C, an almost 1.2 million-square-foot industrial facility in Ellabell, Ga., a Savannah submarket. VanTrust Real Estate sold the asset in a JLL-brokered deal.<\/p>\n\n\n\n<p>Transwestern also assumed the $77.3 million bonds issued by the Development Authority of Bryan County with U.S. Bank as trustee in 2022 as part of the current transaction, public records show.\u00a0<\/p>\n\n\n\n<p>VanTrust also sold<a href=\"https:\/\/www.commercialsearch.com\/news\/vantrust-sells-industrial-facility-near-savannah\/\"> Building A within the same campus<\/a> last week. Goldrich Kest acquired the 637,868-square-foot facility in a transaction facilitated by JLL.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/the-case-for-more-last-mile-logistics-centers\/\">The Case for More Last-Mile Logistics Centers<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The distribution center is part of the 515-acre Interstate West development and was fully leased at the time of sale to Webstaurant Store, a subsidiary of Clark Associates Inc. The industrial park includes three completed buildings spanning approximately 2.8 million square feet, as well as an ongoing development set to exceed 2 million square feet.<\/p>\n\n\n\n<p>The developer completed the Class A facility in 2022 with the help of a $46.7 million construction note originated by Wells Fargo Bank, CommercialEdge information shows. The building has 40-foot clear heights, 212 dock-high loading doors, four drive-in doors, 185-foot truck court depths, 270 trailer stalls and 244 car parking spaces.<\/p>\n\n\n\n<p>Building C is at 77 Logistics Drive, off Interstate 16 and some 23 miles from Savannah\/Hilton Head International Airport. Port of Savannah and the city\u2019s downtown are within 26 miles.<\/p>\n\n\n\n<p>The JLL Investment Sales and Advisory team involved in the deal comprised Senior Managing Directors&nbsp;Britton&nbsp;Burdette, John Huguenard, Matt Wirth and Dennis Mitchell, along with Director Jim Freeman.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-recent-industrial-transactions-within-the-savannah-metro\">Recent industrial transactions within the Savannah metro<\/h2>\n\n\n\n<p>The Savannah-Hilton Head market saw seven industrial facilities trading year-to-date as of August, according to CommercialEdge information. The assets totaling roughly 3.9 million square feet changed hands for a total of $327.8 million\u2014or about $105.36 per square foot.<\/p>\n\n\n\n<p>In May, <a href=\"https:\/\/www.commercialsearch.com\/news\/dws-pays-51m-for-savannah-facility\/\">DWS acquired Rockingham Farms Building 10<\/a>, a 413,320-square-foot distribution center in Savannah. Scannell Properties sold the recently completed facility for $50.8 million.<\/p>\n\n\n\n<p>Other notable transactions in the metro include <a href=\"https:\/\/www.commercialsearch.com\/news\/skyrem-buys-savannah-industrial-asset\/\">SkyREM\u2019s purchase of Building D at Tradeport East<\/a>, a 647,496-square-foot asset in Midway, Ga. The property came online in 2022 as a speculative project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buyer assumed roughly $77 million in bonds.<\/p>\n","protected":false},"author":3355,"featured_media":1004728692,"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":[32796,33313,33231,33102],"class_list":["post-1004728689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-southeast","tag-jll","tag-transwestern","tag-u-s-bank","tag-vantrust-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Transwestern Buys 1.2 MSF Distribution Center Near Savannah - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Transwestern Investment Group acquired Interstate West\u2019s Building C in Ellabell, Ga., from VanTrust Real Estate.\" \/>\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\/transwestern-acquires-1-2-msf-distribution-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transwestern Buys 1.2 MSF Distribution Center Near Savannah\" \/>\n<meta property=\"og:description\" content=\"Transwestern Investment Group acquired Interstate West\u2019s Building C in Ellabell, Ga., from VanTrust Real Estate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/transwestern-acquires-1-2-msf-distribution-center\/\" \/>\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=\"2024-09-12T12:09:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-12T12:28:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Interstate-West-Building-C.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\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\/transwestern-acquires-1-2-msf-distribution-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-acquires-1-2-msf-distribution-center\/\",\"name\":\"Transwestern Buys 1.2 MSF Distribution Center Near Savannah - 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