Interstate West Bldgs. A & C_Pand te koop
Interstate West Bldgs. A & C_Pand te koop
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Interstate West Bldgs. A & C

Portefeuille beschrijving

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.



Bruto gebouwoppervlakte
166.780 vierkante meter
Aantal gebouwen
9.1 jaren
Interstate West Bldgs. A & C (2 Eigendommen)
Interstate West Bldgs. A & C (2 Eigendommen)




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_Pand te koop
Interstate West Bldgs. A & C 4_Pand te koop

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Laatst bijgewerkt
Jul 1, 2024