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Atlanta & Southeast  + Southeast  + Industrial  | 
Kokot Realty Enterprises has purchased an industrial building in Savannah, GA from Hight Knox Properties, LLC for $12.3 million.

Kokot Realty Enterprises Grabs $12M Low-Coverage Industrial Asset in Savannah

Kokot Realty Enterprises has completed the $12.3-million purchase of a low-coverage industrial building within the SPA Industrial Park in Savannah, GA. The building is 100% leased to Celadon Fiber.

Britton Burdette, Dennis Mitchell, Matt Wirth, Mitchell Townsend and Jim Freeman of JLL represented the seller Hight Knox Properties, LLC, and procured the buyer.

The property consists of a 64,372-square-foot production facility with 3.6 acres of trailer/outdoor storage. The building features 3,109 square feet of office space, 34’-38’ clear heights, four grade-level drive-ins and six dock doors.

The property is situated in a high barrier to entry infill area of Savannah just minutes from Savannah/Hilton Head International Airport and less than eight miles from the Port of Savannah’s Garden City Terminal.

“The strength of the Savannah industrial market, now with the lowest vacancy rate in the country along with some of the highest amount of tenant demand, drove significant interest for this offering,” said Burdette.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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