Bixby Land Company and AXA Investment Managers – Real Assets Acquire Class A Industrial Property in Savannah – Press Release
NEWPORT BEACH, Calif. & POOLER, Ga.–(Business Wire)–Bixby Land Company, a Newport Beach, California-based investor, in joint venture with AXA Investment Managers – Real Assets, acting on behalf of clients, has acquired 95 Logistics Center, two newly constructed Class A warehouse distribution buildings totaling 564,000 square feet, in Pooler, Georgia.
The properties are currently 82% leased to two tenants: 1240 SH Morgan Parkway is fully occupied and 1030 SH Morgan Parkway is 54% occupied with a remaining vacancy of 100,214 square feet available. Offering close proximity to the I-95/I-16 freeways and within a 10-mile radius of the Port of Savannah, the fastest growing container port in the United States by TEU’s, the buildings feature 32’ warehouse clear height, 190’+ concrete truck courts, front- and rear-load configurations and excess trailer parking.
“This purchase represents Bixby’s continued commitment to expansion in the State of Georgia and other markets in the Southeast. We have