Stratford Land—a major Dallas-based land investment and management
company—has broken ground on an inland logistics hub, RiverPort
Business Park (RPBP) in Hardeeville, S.C. “Successful commercial
real estate investments are always impacted by location. This is doubly
true for industrial and logistics properties like RPBP. Its proximity to
a complex network of transportation corridors and infrastructure
provides significant benefit to shippers’ operations and expansion
plans,” said David Moore, Senior Investment Manager, Southeastern U.S.
at Stratford
Land.
Stratford Land will provide sites for sale to owner/users for
warehousing, distribution and light industrial, commercial and mixed
use. The property is strategically located four miles from the I-95
interchange and 11 miles from the Port
of Savannah and Savannah
Hilton Head International Airport; incorporates an existing CSX
rail/intermodal right-of-way; and will rely on the well-established
regional trucking infrastructure.
“The South Carolina Department of Commerce is supplying aggressive
economic incentives to attract businesses to this region,” added Stephen
W. Grable (SIOR), Senior Vice President, JLL.
“RPBP is a prime location for import/export of manufactured
goods—especially for shippers like Walmart, Home Depot and Target, who
may be looking to construct owner/user facilities—and for developers
looking to provide speculative facilities for lease.” The new inland
port provides immediate access north to consumer hubs along the Atlantic
Seaboard and south to Miami, Fla. and will benefit from a large, stable
labor pool nearby, drawn in part from local military bases.
The first phase of the RPBP project incorporates 172 acres and will
allow for over 1.8 million square feet of business service and
industrial development. The inland port will eventually include up to
1,100 acres—part of Stratford’s total 5,100 acres of multi-use
commercial and residential construction in the area.
About Stratford Land
Stratford Land has more than 28 years of successful land investment
history on behalf of institutional and private investors. Based in
Dallas, Texas, the fund focuses on acquiring properties in high-growth
corridors in Texas, Arizona, Southern California and the eastern
seaboard from North Carolina to Florida. In addition to multi-family and
commercial sites throughout coastal Georgia and South Carolina,
Stratford also holds two industrial developments, Westport and
Northport, in Chatham County. For more information, please visit www.stratfordland.com.
About JLL
JLL (NYSE:JLL) is a professional services and investment management firm
offering specialized real estate services to clients seeking increased
value by owning, occupying and investing in real estate. With annual
revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf
of its clients, the firm provides management and real estate outsourcing
services for a property portfolio of 3 billion square feet and completed
$99 billion in sales, acquisitions and finance transactions in 2013. Its
investment management business, LaSalle Investment Management, has $47.6
billion of real estate assets under management. For further information,
visit www.jll.com.
Copyright Business Wire 2014