Duke Realty Signs 1.4 MSF Savannah Deal
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Savannah Port
Savannah, Ga.—Duke Realty Corp.’s standing as the largest industrial/warehouse owner in Savannah gets reinforced with the industrial and medical office REIT’s agreement to develop a build-to-suit distribution center for Floor & Decor. The hard surface flooring retailer will lease the 1.4 million-square-foot property from Duke Realty.
Atlanta-based Floor & Decor will occupy the facility under a long-term lease orchestrated on its behalf by commercial real estate services firm CBRE. The building will be erected on a 90-acre site within the Morgan Business Center, a 250-acre park sited roughly 10 miles from the Port of Savannah, which, according to a recent seaport and logistics report by CBRE, was the fastest growing port in the country in 2015. The Savannah port also ranks as the fourth-largest U.S. port in terms of container port traffic volume. It’s all about location…
