02.12 | 2018

The Net Lease Group Arranges $57.5M Sale of Industrial Facility in Savannah, GA

# News

Savannah, GA – The Net Lease Group (NLG) arranged the sale of 590 Northport Parkway, an 832,000 square-foot warehouse and distribution facility in Savannah, GA.

Esmael Hill, Managing Principal of NLG, arranged the transaction on behalf of Clayco Realty Group (CRG), the real estate development arm of Clayco. The property was acquired by Monmouth Real Estate Investment Corporation for $57.5 million.

The facility is situated on 62.4 acres within the Northport Commerce Center, roughly seven miles from the Port of Savannah. The property is net-leased to Shaw Industries and will serve the expanding operations of Shaw in the Savannah area. Shaw, headquartered in Dalton, GA, is one of the largest flooring manufacturers in the world supplying carpet, resilient, hardwood, laminate, tile and stone flooring to residential and commercial markets worldwide.