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TerraCap Management Acquires 230K-SF Industrial Building in Savannah
Naples, FL-based TerraCap Management, LLC, has acquired 195 Nordic Way, a 230,000-square-foot single-story industrial building in Savannah submarket of Pooler, GA.
TerraCap and previous owner Port City Logistics executed a sale-leaseback for Port City Logistics to occupy 100% of the building. Casey Masters and Stewart Calhoun of Cushman & Wakefield represented Port City Logistics in the transaction.
195 Nordic Way is located along Jimmy Deloach Parkway and is positioned withing the 10-mile drayage radius of the Port of Savannah. The property is also located 1.5 miles from I-95 and 7 miles from I-16.
“This acquisition is the culmination of focused research into the supply chain, international trade dynamics, and port efficiency across the United States,” said Nick Vician, TerraCap director of business development and strategic initiatives. “In line with our research, we are excited to watch the already-strong market demand for industrial space in Savannah continue to grow as a result of the efficient port, lower lease rates compared to other ports across the country, and the accessibility to 80% of US population within a two-day drive.”
- ◦Sale/Acquisition
