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Atlanta & Southeast  + Georgia  + Industrial  | 

Monmouth Snares Savannah, GA Facility

Monmouth Real Estate Investment Corp. acquired Northport Commerce Center, an 831,764-square-foot industrial building located at 590 Northport Parkway in Savannah, GA for $57.5 million. The asset was sold by CRG, the real estate development arm of Chicago-based Clayco, which developed the commercial real estate building last year.

The roughly 62.4-acre property is net-leased for 10 years to Shaw Industries, Inc., a flooring manufacturer and supplier that is a wholly-owned subsidiary of Berkshire Hathaway. The facility features a cross-dock configuration with 36-foot clear height, an ESFR sprinkler system, dock levelers, 173 dock doors, four drive-ins, 185-foot deep truck courts and parking for 220 trailers and 201 cars.

The Freehold, N.J., REIT is acquiring an asset located eight miles from the Port of Savannah, which is the fourth largest port in the U.S. and is the fastest growing port in North America, notes Monmouth’s Michael Landy.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition