For Immediate Release: New York, NY, (July 1, 2024) – SkyREM is pleased to announce the purchase of a 647,496 SF state-of-the-art industrial warehouse facility in the Savannah, GA market. The property, located at 313 Tradeport East Blvd., in Midway, GA, is a newly built, Class A warehouse distribution facility that is 100% leased on a long-term basis to Town & Country Living, a globally recognized leader in the production of home textiles. The cross-docked facility features ESFR sprinklers, a 36-foot clear height, 54’ by 50’ column spacing and 144 dock-high loading doors and four drive-in doors.
“We are very pleased to announce this strategic new investment in the Savannah market. We look forward to expanding our industrial portfolio with larger, modern, well-located properties in leading markets that have strong market fundamentals,” stated Alex Dembitzer, Founder of SkyREM.
Marc Civitillo, Managing Director at SkyREM added “This was an attractive opportunity to acquire a newly built, mission-critical property with an in-place, long-term leased tenant in the Savannah market. This is a great addition to our growing industrial portfolio.
Senior Managing Directors Britton Burdette, Sean Devaney, Matt Wirth and Dennis Mitchell along with Director Jim Freeman and Vice President Paige Marlow of JLL’s Capital Markets team represented the Seller on the sale of the property.
===========================================================
About SkyREM, LLC
SkyREM, with offices in Philadelphia and in New York City, is a privately funded and managed real estate company which owns and operates a large, diversified portfolio of properties in the United States. As a principal for its own account, Sky is actively acquiring throughout the United States. To learn more about SkyREM please contact Marc Civitillo or James Pancetti at 212-888-6920, or visit www.skyrem.com.
