Goldman Sachs Alternatives has purchased a 942,210-square-foot distribution center in Savannah from Scannell Properties for $100.6 million. The property, known as Rockingham Farms Building 9 and located at 125 Feldspar Drive, was built in 2023 and is fully leased to four tenants.
Featuring a clear height of 40 feet, truck court depth of 185 feet, and amenities such as dock-high doors and ample parking space for trailers and vehicles, the property offers modern industrial facilities with a cross-dock configuration. It also includes an office space of approximately7 ,500 square feet.
The distribution center is situated within the newly developed Rockingham Farms Logistics Park which spans over5 .75 million square feet. This prime location provides excellent logistical connectivity to major transportation routes.
A team led by Britton Burdette,Matt Wirth,Dennis Mitchell,and Jim Freeman from JLL Investment Sales & Advisory facilitated the transaction.
Burdette commented on the sale stating that “the Savannah industrial market continues to experience remarkable growth” due to factors such as record cargo volumes at the Port,demand for expansion projects,and strong logistical connections in the area.
