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Scannell Properties sells class A bulk distribution center in Savannah, Ga., for $101m
Transactions - NOVEMBER 22, 2024

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Scannell Properties sells class A bulk distribution center in Savannah, Ga., for $101m

by Denise Moose

Scannell Properties has sold Rockingham Farms Building 9 – a class A bulk distribution center located at 125 Feldspar Drive in Savannah, Ga., for $100.6 million.

JLL represented the seller in the sale to Goldman Sachs Alternatives.

The 942,210-square-foot property, built in 2023, is fully leased to four tenants. It features a 40-foot clear height, 185-foot truck court depth, 183 dock-high doors, ample trailer and auto parking, cross-dock configuration and 7,500 square feet of office space.

Situated in an infill location 8.25 miles from the Port of Savannah’s booming Garden City terminal and minutes from Interstate 95 and Interstate 16, the property sits within Rockingham Farms Logistics Park, a new 5.75 million-square-foot industrial park. The distribution center also offers an exceptional southside location with unparalleled direct access and commercial frontage to Veteran’s Parkway along with other major Savannah corridors.

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