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Transactions - JUNE 20, 2018

Capital Development Partners breaks ground on Savannah logistics center

by Released

Atlanta-based Capital Development Partners, a developer of industrial and infrastructure projects in U.S. gateway and constrained markets, has broken ground on the $125 million Savannah Port Logistics Center.

The 2.3 million-square-foot logistics campus is being developed to meet the needs of import, export and e-commerce customers of the Port of Savannah, the fastest growing and largest single-container port in the United States.

The Savannah Port Logistics Center will feature multiple routes to the port and access to major Interstates (I-16 to Atlanta and the Midwest and I-95 up the eastern seaboard). The 190-acre industrial campus will offer dual rail service, transload capability and more than 2,000 container storage positions. The dual rail capability will allow customers to ship via Norfolk Southern and CSX Tier 1 railroads.

Building I is a 1.1 million-square-foot industrial facility featuring a 40-foot ceiling, cross-dock capability and dual rail service ready for occupancy in April 2019.

Building II is a 1.3 million -square-foot industrial facility featuring a 40-foot clear ceiling, cross-dock capability and dual rail service. Construction is expected to begin on Building II in late 2018.

The Savannah Port Logistics Center is a joint venture between Capital Development Partners and Greenfield Partners, a $3 billion real estate investment management firm.

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