Trammell Crow has partnered with MetLife Investment Management to purchase a 477-acre site in Effingham County near Savannah for the construction of a 4.7M SF industrial campus, bringing much-needed new Class A space to the tightest industrial market in the US.
A transaction price was not disclosed. The seller, Greenland Developers, was represented by JLL, according to a release on Trammell's website.
The partners are planning a six-building campus to be known as Coastal Trade Center that will be built in two phases at a site in Rincon, GA along State Highway 21 about 14 miles from the Port of Savannah. The industrial campus will be located on a to-built street that will be called Coastal Trade Center Parkway.
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