Lincoln Property Company Southeast (Lincoln) has been awarded the management assignment for Georgia International Trade Center (GITC), Savannah, Georgia’s newest rail-served, light industrial and manufacturing park that spans over 1,150 acres. Lincoln’s Senior Portfolio Manager – Industrial Lead, Melody Fcreck, will oversee the assignment on behalf of the owner, Stonemont Financial Group.
At completion, GITC is able to accommodate up to 7.2 million square feet of light industrial development with buildings ranging in size from 155,000 to 1.26 million square feet. The development currently boasts 1.84 million square feet of space, with more construction in the pipeline, including two Class-A speculative buildings that will deliver in May 2020 and offer 154,550 square feet and 419,590 square feet of space, respectively. In addition to the initial speculative construction, the developer is offering multiple opportunities for build-to-suits ranging in size from 155,000 to 1,265,000 square feet.
“We are continually seeking opportunities to expand our management services arm and we’re pleased to kick off the new year with this massive, milestone management assignment,” said Lincoln’s Senior Vice President of Management Services Shane Froman. “Rail-served industrial parks like GITC continue to experience growth and success in the Savannah market as more industrial users flock to the city for its access to the Port and cost-saving solutions, and we expect this trend to continue. We look forward to providing exemplary support to Stonemont and bolstering our management presence throughout this thriving city.”
Located within 10 miles of Georgia Ports Authority Garden City Terminal, GITC provides tenants with immediate access to the largest single-terminal container operation in the country, as well as one-of-a-kind intermodal infrastructure located on the terminal’s site and served by CSX Transportation and Norfolk Southern Railroads.
GITC is located in Effingham County, which boasts one of the fastest population growth rates in Georgia. In addition to providing connectivity to rapidly growing markets and several major metropolitan areas throughout the Southeast, Effingham County offers a number of local incentives through the Effingham County Industrial Development Authority, including tax assistance and abatements, site development contributions and a wage rate that is lower than the U.S. average. Numerous state incentives include a $1,250 Job Tax Credit per new job each year for five years, for at least 25 net new jobs.
About Lincoln Property Company
Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, with over 8,550 employees and an international footprint that includes offices in 450 cities across the United States and two offices in Europe. Since its inception in 1965, Lincoln has developed over 239 million square feet of office, industrial, and retail projects as well as 216,000 apartment units. Stemming from its development and ownership background, Lincoln's operating platform seamlessly integrates its various service lines, provides for consistent and measurable performance and utilizes cutting-edge technology over its 400+ million square feet of leased and managed assets. For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com
