Triten Real Estate Expands Savannah Presence with Purchase of Outdoor Storage Portfolio
Triten Real Estate Partners, a Houston-based commercial developer and management firm with a focus on Industrial Service Facilities (ISF) and Industrial Outdoor Storage (IOS), expanded their growing nationwide portfolio with the recent acquisition of a three-property drayage portfolio located in Port Wentworth, Georgia. Zach Dobin, head of acquisitions at Triten Real Estate Partners, sourced the properties off-market through a standing relationship with Adana Capital.
SAVANNAH, Ga., March 20, 2023 /PRNewswire-PRWeb/ -- The acquired portfolio consists of three parcels totaling 13.5 acres, located at 60 Clifton, 18 Gulfstream, and 34 Gulfstream in Savannah's Port Corridor submarket. The portfolio is currently 100% leased to three established drayage users.
"Savannah is a supply constrained market, with a lot of competition from users and investors alike, so finding opportunities this close to the Garden City Terminal is rare," says Zach Dobin. "Given the importance of terminal proximity for port-related users, we view these assets as strategically important for our tenants for the foreseeable future. We value the ongoing relationship with Adana Capital, and appreciate the opportunity to work with Charles Lintakoon and Ross Graves on another successful transaction."
Savannah remains one of the tightest industrial markets in the country, driven by the increasing importance of the Port of Savannah. The Port is the third largest in the nation and the fastest-growing container port with its Garden City Terminal being the single largest and fastest-growing container terminal in North America. The port's significant growth has resulted in increased demand for both traditional industrial and IOS.
The three drayage yards are located 1.7 miles from the port's Garden City Terminal and offer users easy access to Interstate 16 (East/West), and Interstate 95 (North/South).
Triten's total portfolio stretches across 11 tier one markets in the U.S. with over 50 sites in the portfolio. Portfolio growth has been so exponential within the last year that Triten now holds multiple satellite offices throughout the nation to better position themselves in these top tier markets. Along with Triten's offices in Houston and Dallas, Triten has positioned themselves on both the east and west coasts with Principal Trevor Hanson managing the office in Irvine, California while Principal Danny Coffman is managing the Triten office in Baltimore, Maryland.
For more information on Triten's IOS initiative, team and portfolio, visit http://www.tritenios.com
Media Contact
Lisa Reyerse, Triten Real Estate Partners, 1 8326151471, [email protected]
SOURCE Triten Real Estate Partners
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