Chesterfield, Stonemont Financial Unveil Development Plans for 1,150-Acre Industrial Park in Savannah, Georgia
SAVANNAH, GA. — Chesterfield and Stonemont Financial Group have unveiled development plans for Georgia International Trade Center (GITC), a 1,150-acre, Class A industrial park in Savannah. The rail-served park will be located within 10 miles of the Georgia Ports Authority’s Garden City Terminal, which is part of the Port of Savannah.
At full buildout, the logistics campus will feature up to 7.2 million square feet of light industrial and manufacturing warehouse space. The first two speculative buildings, Buildings 1A and 1B, are slated for completion in late 2019.
Building 1A will span 407,000 square feet and include clear heights of 36 feet, while the 155,000-square-foot Building 1B will feature 32-foot clear heights.
“The Georgia ports continue to drive import, export and e-commerce traffic throughout the entire Southeast region,” says Zack Markwell, founder and CEO of Stonemont. “The Port [of Savannah] has seen tremendous growth in recent years, but it needs more distribution and warehouse capacity to support customers’ increasing needs.”
Over the next 10 years, the Georgia Ports Authority will grow the Port of Savannah’s annual capacity to 8 million 20-foot equivalent container units, according to Griff Lynch, executive director for the organization.
GITC will provide direct access to Interstates 95 and 16, as well as the CSX rail line. Build-to-suit options for tenants will range from 155,000 to 1.2 million square feet. Groundbreaking is slated for December.
Chesterfield worked with Joe Marshall of Atlantic Investors to negotiate the land purchase of GITC in its entirety. Cushman & Wakefield | Gilbert & Ezelle will market the property for lease.
Jacksonville, Fla.-based Chesterfield specializes in the development of office and industrial projects. The firm is currently underway on a three-building, 1.8 million-square-foot industrial project at the Savannah River International Trade Park. Atlanta-based Stonemont Financial Group is a private real estate investment firm.
— Kristin Hiller