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TerraCap Management Acquires 790K-SF Industrial Building in Rincon
Naples, FL-based TerraCap Management, LLC, has acquired Savannah Gateway Building 1H, a 790,000-square-foot single-story industrial building located in the Savannah submarket of Rincon, GA. TerraCap is acquiring Savannah Gateway 1H at 75% occupancy.
The seller, Broe Real Estate Group, was represented by Britton Burdette of JLL. Colliers has been hired to manage the property.
Building 1H is part of a two-building acquisition. The first building, Building 1F, was delivered and acquired by TerraCap in August 2022.
“Continuing to expand our industrial holdings near growing seaports is integral to TerraCap’s investment thesis and strategy,” said Steve Hagenbuckle, TerraCap founder and managing partner. “This acquisition marks over 1.35 million square feet of recent acquisitions for us in Savannah.”
Building 1H is located in the Savannah Gateway Industrial Hub, less than 13 miles from the Port of Savannah’s Garden City terminal. The property is also located minutes from I-95 and I-16.
- ◦Sale/Acquisition
