CRG Completes Sale of 77-Acre Industrial Land Near Savannah
Development of The Cubes at West Port Underway
Located approximately 25 miles west of Savannah, in Bryan County, Georgia, a 77-acre parcel of land at The Cubes at West Port has been sold, as announced by national real estate development and investment firm, CRG. The buyer, global 3PL company Lecangs LLC, purchased the site for a currently undisclosed sum. CRG and Clayco have plans to construct a 1,004,340 square foot industrial facility for Lecangs at the site in the near future.
Increased Access to East Coast Commerce
The Cubes at West Port, located at 3438 US Highway 80E, boasts quick access to the Port of Savannah and the South-East U.S, being less than 3 miles from I-16 and 25 miles from I-95. Master-planned on an expansive 764-acre industrial park, The Cubes at West Port is designed for significant flexibility. It can accommodate up to 5.5 million square feet across different site plans, catering to a diverse range of industries.
Supporting Regional Growth and Infrastructure Development
The sale resonates with the growing potential of the industrial park and establishes it as a successful extension of CRG’s initial Savannah development, The Cubes at Interstate Centre II. The transaction corresponds with the boom in the industrial real estate market, especially around the Port of Savannah, the second-largest port on the East Coast and the fourth-largest in the U.S. The Cubes at West Port also mirrors the Georgia Ports Authority’s recent $374 million investments in port infrastructure, a strategic move aimed at creating the largest on-dock rail facility in the Western Hemisphere.
A Bright Future in the Industrial Market
“This transaction is a testament to our strategic efforts to expand and develop our portfolio in key growth areas,” said Mike Demperio, Executive Vice President and South-East region industrial partner for CRG, regarding the sale. Besides the Savannah developments, CRG has planned, started, or completed over 53 million square feet of industrial projects. The firm’s national industrial development platform, The Cubes, has served multiple recognized brands and Fortune 500 companies.
CRG’s other developments in Georgia include The Cubes at Interstate Centre II, a 300-acre master-planned park adjacent to West Port; The Cubes at Bridgeport, a 500-acre master-planned industrial park in the South I-85 submarket of Atlanta; and The Cubes at River Park, a completed 1,006,000-square-foot speculative industrial building as well as a planned 1 million-square-foot speculative industrial building in Butts County, located in Atlanta’s I-75 South submarket.
The recent announcement of a $5.5 billion EV production facility and adjoining battery manufacturing facility, by Hyundai and LG respectively, signifies a bright future for the industrial market in the region. This follows the consistent trend of significant industrial growth around the Port of Savannah, solidified further by these successful transactions and planned developments.
