Lincoln Property Company Southeast Wins Management Assignment for Georgia International Trade Center Facility in Savannah, Georgia
ATLANTA (August 3, 2022) – Lincoln Property Company Southeast (Lincoln) has been awarded the management assignment for 2016 Trade Center Blvd. in Rincon, Georgia, (“Building 2C”) at the Georgia International Trade Center (GITC), close to Savannah, Georgia. Lincoln’s Senior Vice President of Management Services Shane Froman and Senior Portfolio Manager, Industrial Lead Kim Steward will oversee the assignment.
“As the Port’s container volume continues to expand, Savannah has solidified its position as the fastest growing port and one of the most competitive industrial markets in the country, with vacancy rates dipping well below 1%,” said Froman. “We anticipate another record-breaking year for Savannah’s industrial market, and our team is delighted to grow our management portfolio at GITC, in partnership with Invesco , at such a pivotal moment in the coastal city’s growth story.”
Building 2C is a 1.16 million-square-foot, Class-A industrial facility with 275 dock doors, 36’ clearance height, 186 vehicle spaces and 346 trailer spaces. It is located within GITC, a rail-served industrial and manufacturing park in Effingham County outside of Savannah. GITC encompasses 7.2 million square feet of light industrial development, with buildings ranging in size from 155,000 square feet to 1.26 million square feet. Sitting just 9.6 miles from the Port of Savannah’s 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 served by CSX Transportation and Norfolk Southern Railroads.
Lincoln’s portfolio currently includes roughly 4 million square feet of assets managed across multiple owners in Savannah.