Interstate West Bldgs. A & C_Property for Sale
Interstate West Bldgs. A & C_Property for Sale
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Interstate West Bldgs. A & C

Portfolio description

Jones Lang LaSalle America, Inc. ("JLL") has been exclusively retained by ownership as the sales representative for Interstate West Buildings A & C, also known as "the Properties". These state-of-the-art industrial facilities, spanning a total of 1,795,201 square feet, are located within the 515-acre Interstate West industrial park. Situated adjacent to the I-16 / U.S. 280 interchange, the properties boast a prime location across the street from 17 million square foot Hyundai Metaplant, which is currently under construction with a planned operational date by Q4 2024. Buildings A and C have direct access and are only 3 truck turns to the Port of Savannah, North America's largest single-terminal container facility.


Interstate West Buildings A & C offer an outstanding investment opportunity backed by prestigious tenants and long lease terms in one of the most high-performing industrial markets in the United States. Building A, with a total area of 637,868 square feet, is currently 79% occupied and has one lease pending to bring occupancy to 100%. The leases are guaranteed by Glovis America, Inc, a subsidiary of Hyundai Glovis Company, Ltd (Rev $18.9 billion, BBB+ S&P) and Hyundai Motor Company (Rev $121.7 billion, BBB+ S&P), along with AJ Networks Company (Rev $741 million, KRW: 095570). There is a newly executed LOI on the last unit to a confidential tenant with a parent company that generates over $67 billion in revenue. Building A will have a 9-year WALT and will be leased to three substantial suppliers to the nearby Hyundai Metaplant. Building C, making up 1,157,333 square feet, is fully leased with a remaining term of 9.3 years. The lease is guaranteed by Clark Associates, Inc (Rev over $3 billion). The Webstaurant Store, Inc., a subsidiary of Clark Associates, Inc, operates within the building and stands as the largest online wholesale restaurant supplier in the entire country.



Building area gross
166,780 m²
Number of buildings
9.1 years
Building class
Interstate West Bldgs. A & C (2 Properties)
Interstate West Bldgs. A & C (2 Properties)


Investment Highlights


Building A

  • Will be 100% leased to three substantial Hyundai suppliers with 9 years of WALT (one lease pending)
  • 637,868 SF
  • Glovis America, Inc (guarantor) - 305,067 SF (17% of the offering)
  • Subsidiary of Hyundai Glovis Company, Ltd (Rev $18.9 billion, BBB+ S&P) & Hyundai Motor Company (Rev $121.7 billion, BBB+ S&P)
  • AJ Networks Company (guarantor) – 198,400 SF (11.1% of the offering)
  • Revenue $741 million, KRW: 095570
  • The largest general rental company in South Korea
  • Confidential Tenant - Parent company generates over $67 billion in revenue (lease pending)

Building C

  • 100% leased with 9.3 year of WALT
  • 1,157,333 SF
  • Clark Associates, Inc (guarantor)
  • $3 billion in revenue
  • In 2024 they were ranked #1 on Foodservice Equipment & Supplies magazine's "Distribution Giants" list for the fourth year in a row
  • The operation - The Webstaurant Store, Inc
  • Largest online wholesale restaurant supplier in the U.S.


  • 13.2 MSF of net absorption in 2023 (more than Atlanta’s 9.7 MSF)
  • Third consecutive year of annual net absorption surpassing 10 MSF
  • 2nd highest annual net absorption in the market’s history
  • Over 5.4 MSF of leases signed in 2024 year to date
  • First in the country for tenant demand (26.7 MSF active requirements) and second in net absorption as a percent of market inventory as of Q4 2023
  • Savannah continues to reach record high rents with average rents of $6.87 PSF as of Q1 2024
  • 6.02% YoY growth
  • 39.3 MSF of positive absorption over the last 3 years
  • Discount to competing port markets which drives new tenant demand
  • 35% of under-construction inventory pre-leased
  • 74% when including the 17 MSF Hyundai Plant and associated suppliers
  • 12.4 MSF under construction – lowest since 2020
Interstate West Bldgs. A & C 4_Property for Sale
Interstate West Bldgs. A & C 4_Property for Sale

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Last updated
1 Jul 2024