TCC and MetLife Investment Management Clients Break Ground on 4.7M-SF Coastal Trade Center Near Port of Savannah
November 29, 2023
A joint venture among Trammell Crow Company (TCC), a global commercial real estate developer and MetLife Investment Management clients broke ground on the first phase of the Coastal Trade Center in Effingham County, Georgia. Located on a 477-acre site, 15 miles northwest of the Port of Savannah, the Coastal Trade Center will deliver more than 4.7 million square feet of Class A industrial and logistics space to the market. Construction on the first phase is slated for completion in the fourth quarter of 2024.
The first phase of development at the Coastal Trade Center will include three cross-dock facilities that will span 1,215,200 square feet, 640,640 square feet and 473,760 square feet, respectively. The second phase of development will include a 1,423,520-square-foot cross-dock facility, a 611,520-square-foot cross-dock facility, and a 362,880-square-foot front-load facility. Construction on Phase Two will begin after the delivery of Phase One.
“Port development has become increasingly more important throughout the U.S. as we continue to deal with supply chain issues, both internationally and domestically. The Savannah market has seen a steady, increasing demand for flexible, high-end logistics space,” said Will Lombard, Senior Vice President with TCC Atlanta. “The Coastal Trade Center will deliver much-needed inventory to Savannah and emphasizes our belief in this market, as well as our team’s ability to execute Class A projects of scale.”
Leasing for the Coastal Trade Center will be handled by Bennett Rudder, Ryan Hoyt, Chris Tomasulo, and Lindsey Wilmot at JLL.
"Tenants of all kinds are finding the Savannah market best meets their needs, as evidenced by the record setting 7 million square feet of net absorption in Q3. We're excited to partner with TCC and MetLife on Coastal Trade Center, bringing essential inventory options to the Southeast's busiest port gateway market,” added Rudder.
Located in Rincon, Georgia, the Coastal Trade Center is situated along Highway 21, which provides direct access to I-95 and I-16, and will be located on the to-be-built Coastal Trade Center Parkway. The Port of Savannah is a short drive from the site and the Atlanta CBD can be reached by vehicle in less than 4 hours.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of December 31, 2023, TCC had $15.8 billion of projects in process and $13.3 billion in its pipeline. It employs 650 professionals in 26 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.