REBusinessOnline

Granite REIT Acquires 689,400 SF Distribution Center Near Port of Savannah for $47.5M

The facility is situated on 48.3 acres about four miles from the gate of the Port of Savannah.

POOLER, GA. — Granite REIT has acquired a 689,400-square-foot distribution center located at 100 Clyde Alexander Lane in Pooler, adjacent to another industrial park it owns. The Toronto-based company, which is traded on both the Toronto and New York stock exchanges, bought the 100 Clyde Alexander facility for $47.5 million. The property is situated on 48.3 acres about four miles from the gate of the Port of Savannah. The property offers 32-foot clear heights, four drive-in doors and 120 dock doors. The property was fully leased at the time of sale with more than three years left on the tenant’s lease. The tenant was not disclosed, although the Atlanta Business Chronicle reports the tenant is Best Choice Products, an e-commerce provider with a focus on home furnishings, toys and appliances.

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