Savannah, GA – The Net Lease Group (“NLG”) is pleased to announce the sale of a 465,250-square-foot industrial warehouse at The Cubes at Interstate Centre II in Bryan County, GA., 23 miles west of Savannah, to TA Realty. The Cubes at Interstate Centre II is a 300-acre development within Interstate Centre; the facility is fully leased to Rooms to Go, a global furniture retailer in the U.S.
“The latest phase of The Cubes at Interstate Centre II underscores how spec facilities are filling up either during or shortly after construction,” Mike Demperio, executive vice president and Southeast region industrial leader for CRG, said in a release. “This building provides superior access to major population centers while also offering lower labor costs and less traffic congestion.”
The building is a cross-dock facility with 36-foot clear heights, 80 dock doors, four drive-in bays, an ESFR sprinkler system, 181 trailer parking spaces, and parking for 74 cars and 50 trucks. CRG’s parent company, St. Louis-based Clayco, served as the builder, while Clayco subsidiary Lamar Johnson Collaborative was the architect.
The disposition team led by Esmael Hill includes Net Lease Group team members Mark Lewensohn, Dane Bailey, and Ross Wood, who assisted throughout the transaction from construction to completion. In addition to leading the disposition, Net Lease Group arranged the equity capitalization for the construction and development of the project.
NLG is an investment advisory and brokerage firm specializing in corporate, institutional, and private execution of single and multi-tenant, net lease transactions across all markets. NLG provides Investment Sales, Sale-Leaseback Advisory, Build-to-Suit Advisory, Development Services, Debt-Equity Placement, and Private Client Services throughout the United States.
NLG/NLGCM provides advice and expertise through all stages of a real estate project; this includes initial research, project finance, feasibility studies, lease structuring, construction, delivery, and disposition, which sets NLG apart from other net lease property advisors.