
Denholtz Properties Continues Southeast Expansion with Acquisition of 358,884-Square-Foot Savannah, Ga. Industrial Portfolio
8 September 2022
Denholtz Properties Expands Industrial Portfolio with Strategic Acquisition of the Coleman Portfolio in Savannah, GA
Denholtz Properties is pleased to announce the acquisition of the Coleman Portfolio, a 358,884-square-foot, three-building industrial portfolio located in Savannah, Georgia. This acquisition marks a key addition to the company’s joint venture initiative, which aims to acquire and develop multi-tenant industrial assets valued at approximately $1 billion.
The Coleman Portfolio is strategically positioned in the Bloomingdale/Pooler submarket, a high-growth area in Savannah, with unmatched connectivity to major logistics hubs such as the Port of Savannah, Norfolk Southern, CSX rail networks, Interstates 16 and 95, and Savannah/Hilton Head International Airport. Currently, the portfolio is fully leased to a diverse tenant mix including Collins Aerospace, Johnson Matthey, and East Coast Logistics, highlighting its appeal to a broad range of industries.
“With Savannah’s consistent market growth and impressive infrastructure, this acquisition aligns perfectly with our investment strategy,” said Stephen Cassidy, President of Denholtz Properties. “We’re thrilled to strengthen our footprint in this burgeoning market and continue our expansion of high-quality, multi-tenant industrial properties across the United States.”
Fueled by the Port of Savannah’s rapid growth and Savannah’s diverse economic sectors, including manufacturing, healthcare, higher education, and tourism, the area’s industrial market boasts a low vacancy rate of 2.27%. In addition, Savannah’s highway network enables access to over 31 million people and more than 1 million businesses within a five-hour drive.
“In an evolving market, multi-tenant industrial properties demonstrate notable resilience and asset appreciation,” added Mark Mahasky, Director of Acquisitions & Capital Transactions at Denholtz Properties. “We are committed to continuing our momentum in this sector, seeking out new opportunities to allocate capital and enhance our industrial portfolio nationwide.”
This acquisition represents Denholtz Properties’ dedication to acquiring high-growth, value-driven assets across the nation’s strongest industrial markets.