West Palm Beach-based McCraney Property Company bought land for an industrial development near Savannah, Georgia.
“Savannah’s expanding port continues to fuel the environment for the success of large logistics companies,” Steven E. McCraney, president and CEO of McCraney Property, said in a prepared statement.
McCraney Property bought 22 acres near Interstate 95 and Interstate 16 in Pooler, a suburb just west of Savannah, where the company will develop a 345,600-square-foot industrial building called 95 [email protected] Parkway.
The building will have approximately 48 dock-high doors and 100 tractor-trailer parking spaces. The building’s design will allow for tenant spaces in sizes starting at 100,000 square feet.
The industrial real estate market in the Savannah area has historically low vacancy rates and record absorption of newly built space, according to Steve Croy, principal of Croy Group LLC, who represented McCraney Property in its land acquisition. [Business In Savannah] — Mike Seemuth