Capital Development Partners breaks ground on Savannah Port Logistics Center
Capital Development Partners has broken ground on the Savannah Port Logistics Center.
The 2.3 million-square foot, $125 million 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 U.S.
The -Ground Breaking- video http://www.savannahportlogisticscenter.com/video highlights the proximity to the port, interstate highways and rail.
-The Savannah Port Logistics Center is the most significant industrial and logistics development in the southeast,- said John Knox Porter, CEO of Capital Development Partners. -Our facilities and infrastructure will provide a significant advantage for our customers.-
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.
The massive demand for modern industrial and logistics facilities is fueled by the widening of the Panama Canal and the global e-commerce boom. The enhanced Panama Canal allows ships to triple capacity providing a significant cost/productivity advantage for the Savannah Port.
Building I is a 1,075,000-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 1,310,400-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.
Capital Development Partners CEO John Knox Porter has extensive expertise in developing major industrial and infrastructure projects in the US. He is a former top producer at CBRE where he led the global logistics and infrastructure practice groups during his 25-year career with that company. Porter has completed significant projects in every major market in the US with deep local roots in the Savannah market.