Dermody Unveils Major Logistics Hub Near Savannah Port Area
Dermody Unveils Port Wentworth Commerce Center
Dermody, a private equity investment management firm specializing in logistics real estate, has announced an exciting development: the Port Wentworth Commerce Center. This ambitious project is set to become the largest logistics hub in the Southeastern United States, located just a short distance from the bustling Port of Savannah.
What Makes Port Wentworth Commerce Center Unique?
The Port Wentworth Commerce Center is strategically positioned to offer over 10 million square feet of premier logistics space. Its proximity to major transportation infrastructure enhances its allure, with direct access to Interstate 95, a key north-south corridor on the East Coast, along with on-site Class One rail service.
A Competitive Edge in Global Trade
Additionally, being situated within a designated Foreign Trade Zone provides significant advantages for businesses. This designation allows tenants to defer, reduce, or even eliminate tariffs on imported goods, thus supporting efficient global supply chain operations.
Impacts on Regional Logistics Demand
Wes Hardy, Southeast Region Partner for Dermody, emphasized the development's importance, stating, "This investment addresses the growing demand from companies that require modern facilities close to the Port of Savannah to accommodate the rapidly expanding Southeast region." He noted the project's unparalleled scale and access to key transportation links as distinguishing features for prospective tenants.
Collaboration with Georgia Ports Authority
The Georgia Ports Authority recognizes the project's potential, affirming the collaboration with Dermody to bolster the region's logistics capabilities. The Port of Savannah is known for its dynamic growth, handling 35 ships weekly and 7,000 trucks daily, thus necessitating developments like Port Wentworth Commerce Center to keep pace with rising demands.
Infrastructure Ready for Growth
The site is set to feature cutting-edge infrastructure, including a newly constructed 2.5-mile roadway ensuring efficient transportation. Future plans include extending this road to enhance access points. Furthermore, key utilities—including power, water, and fiber optics—will be readily available to facilitate business operations from the outset.
Exceptional Power Supply
One of the standout features of the Port Wentworth Commerce Center is its robust power infrastructure. The site is adjacent to dual 230KV transmission lines and hosts a Georgia Power-owned 115KV substation. This establishment is part of a select few locations in Georgia capable of providing one gigawatt of power service, meeting the high demands of large-scale operations.
Transformative Potential of the Development
Tim Walsh, Partner and Chief Investment Officer at Dermody, described the project as transformative, noting its potential to meet skyrocketing demands for logistics facilities adjacent to the port. This venture underscores Dermody's commitment to investing in vital infrastructure for global trade gateways, enhancing the supply chain landscape.
Strategic Presence in the Southeast
Dermody operates in a region encompassing nine states, with a focus on pivotal logistics hubs like Atlanta and Charlotte. Their Southeast operations currently feature four active projects and over 1.5 million square feet of logistics space available for lease, further positioning Dermody as a leader in this crucial market.
Frequently Asked Questions
What is the Port Wentworth Commerce Center?
It's a major logistics development by Dermody located near the Port of Savannah, offering significant space and infrastructure for logistics operations.
How will this project benefit businesses?
Businesses can take advantage of reduced tariff costs and swift access to transportation routes, providing a competitive edge in supply chain management.
What infrastructure is included in the development?
It includes a new 2.5-mile road, essential utilities like power and fiber optics, and high-capacity power systems.
What makes this site special?
The site is strategically located near a rapidly growing port and has a substantial power supply, ensuring operational reliability.
How is Dermody positioned in the Southeast?
Dermody has a strong presence with several ongoing projects and available logistics space, demonstrating its commitment to the region's growth in logistics.
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