Invesco Real Estate Taps LPC to Manage 1M-SF Industrial Property in Savannah

Invesco Real Estate has tapped Lincoln Property Southeast to manage Georgia International Trade Center’s (GITC) Building 2B, a 1.1 million-square-foot industrial facility in Savannah. Kim Steward, senior portfolio manager and industrial lead for Lincoln, will oversee the assignment.

Building 2B is within Savannah’s rail-served industrial and manufacturing park. Upon completion, GITC will be able to accommodate up to 7.2 million square feet of light industrial development, with buildings ranging in size from 155,000 to 1.26 million square feet. Located within 10 miles of Georgia Ports Authority Garden City Terminal, Building 2B provides tenants with immediate access to the largest single-terminal container operation in the country, as well as one-of-a-kind intermodal infrastructure located on the terminal’s site and served by CSX Transportation and Norfolk Southern Railroads.

“After being selected to manage another portion of the GITC development last year, we have been focused on growing our footprint in the area, especially as population growth and a booming e-commerce sector has led to increased demand for industrial assets in well-located Sunbelt cities like Savannah,” said Lincoln’s Senior Vice President of Management Services Shane Froman. “GITC presents an unbeatable opportunity for industrial users that require immediate access to the Port and surrounding markets in the Southeast and we look forward to working with Invesco to continue to attract and retain top users.”