Imperium Capital Acquires Four-Acre Parking Facility Near Port of Savannah
New York-based Imperium Capital has acquired a secured truck and trailer parking facility in Savannah. The four-acre property was purchased for $1.7 million.
Located three miles from the Port of Savannah, the property currently serves as a last-mile logistics facility and is leased to Lightning Transportation, a local company specializing in intermodal land transportation for import-export cargo.
In 2020, Imperium Capital formed IG Logistics, an industrial platform with a laser-focus on acquiring properties with a large outdoor storage or transportation element. The new vertical specializes in acquiring and developing infill assets in high barrier to entry, urban growth markets where demand for logistics real estate is driven by e-commerce. Since launching, IG Logistics has purchased $65M of industrial sites, and has north of $100M under contract. They plan to buy north of $250M over the next year in markets including Denver, Dallas, Savannah, South Florida, Central Florida, Nashville, Philadelphia, Phoenix and Baltimore/DC.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.