McCraney Property buys land for Savannah-area industrial development

The West Palm Beach-based firm bought 22 acres for a 345,600-square-foot industrial building

Miami /
Dec.December 31, 2017 12:00 PM

Steven E. McCraney, president and CEO, McCraney Property Company

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


Related Articles

arrow_forward_ios
1600 Northeast 12th Terrace
Triangle Services pays $17.5M for Fort Lauderdale industrial building
Triangle Services pays $17.5M for Fort Lauderdale industrial building
Link Logistics' Luke Petherbridge with 115.7-acre site at 21001 Northwest 27th Avenue (LinkedIn, Google Maps)
Blackstone’s Link Logistics pays $291M for Calder’s horse racing track
Blackstone’s Link Logistics pays $291M for Calder’s horse racing track
EverWest Real Estate Investors' Rick Stone and Tyler Williams; rendering of the newly built industrial property at 10900 Northwest 146th Street in Hialeah Gardens (Commercial Property Group, EverWest Real Estate Investors, iStock)
EverWest buys Hialeah Gardens industrial building for $43M
EverWest buys Hialeah Gardens industrial building for $43M
First Industrial Realty's Peter E. Baccile with 1801 North Andrews Avenue (First Industrial Realty Trust, Colliers, iStock)
First Industrial picks up Pompano Beach manufacturing facility for $25M
First Industrial picks up Pompano Beach manufacturing facility for $25M
RFR's Aby Rosen with 100 Biscayne, RFR, Lease Roundup
Lease roundup: Fintech firm moves HQ to Aby Rosen’s 100 Biscayne in Miami
Lease roundup: Fintech firm moves HQ to Aby Rosen’s 100 Biscayne in Miami
SROA Capital's Ben Macfarland III with 000 Pembroke Road (LinkedIn, Loopnet)
SROA Capital pays $20M for Hallandale Beach industrial-flex property
SROA Capital pays $20M for Hallandale Beach industrial-flex property
LBCW Investments' Clay Hamlin III with 1100 25th Street and 1426 Skees Road (Loopnet, LBCW)
Industrial play: Alliance HP trades one West Palm complex for another
Industrial play: Alliance HP trades one West Palm complex for another
Seagis' Bradlee Lord with 10900 Northwest 138th Street (Seagis Property Group, iStock)
Seagis doubles down in Medley, paying $24M for two industrial facilities
Seagis doubles down in Medley, paying $24M for two industrial facilities
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...