Sale of Interstate West’s Building A closes

ATLANTA, Sept. 3, 2024 – JLL Capital Markets announced today the sale of Building A of Interstate West, a Class A, 637,868-square-foot industrial property located west of Savannah, Georgia.

JLL represented the seller, VanTrust Real Estate, in the sale to Goldrich Kest.

Currently 100% leased to three tenants, the property was built in 2023 and features 185-foot truck court depths, 134 dock-high doors, four drive-in doors, 228 auto spaces, 168 trailer spaces and ESFR fire sprinklers.

Situated within the 515-acre Interstate West industrial park, the Class A industrial property is located at 54 Logistics Dr. in Ellabell, Georgia. Located off Interstate 16 and Highway 280, the park provides excellent access to the Port of Savannah, Interstate 95, the Savannah/Hilton Head International Airport and is within a four-hour drive of major markets including Atlanta, Orlando and Charlotte.

The JLL Investment Sales and Advisory team was led by Senior Managing Directors Britton Burdette, John Huguenard, Matt Wirth and Dennis Mitchell along with Director Jim Freeman.

“We continue to see increased investor demand for industrial product in Savannah, which is recognized as one of the best performing markets in the country and most important transportation and logistics hubs in North America due to its connectivity to a network of sea, rail, air and road operations,” said Burdette.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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VanTrust Real Estate, LLC is a full-service real estate development company. The company acquires and develops real estate assets for the Van Tuyl family portfolio and offers a broad range of real estate services including acquisition, disposition, development, development services, corporate services, and asset enhancement. Product types include office, industrial, multifamily, mixed-use and science + technology. VanTrust works nationally with regional offices in Columbus, Dallas, Phoenix, Jacksonville and Salt Lake City with its headquarters in Kansas City, Missouri. For more information, visit www.vantrustre.com.

Goldrich Kest is a privately owned, family-run real estate investment and asset management company that can trace its origins back more than 65 years to two entrepreneurs, Jona Goldrich and Sol Kest, both holocaust survivors. Today, the second generation of the Goldrich and Kest families, continue to build upon its ever-expanding portfolio of residential, commercial, industrial, and retail projects. Among them are 124 apartment buildings with more than 14,000 affordable and market rate units, 5 marinas with more than 2,200 slips, 22 senior living facilities with 4,168 beds, and more than 7 million square feet of commercial, industrial, and retail space, across the US.