Inland port will provide multimodal service, economic and labor incentives
ATLANTA, Mar. 27, 2014 – Stratford Land—a major Dallas-based land investment and management company—has broken ground on an inland logistics hub, RiverPort Business Park (RPBP) in Hardeeville, S.C. “Successful commercial real estate investments are always impacted by location. This is doubly true for industrial and logistics properties like RPBP. Its proximity to a complex network of transportation corridors and infrastructure provides significant benefit to shippers’ operations and expansion plans,” said David Moore, Senior Investment Manager, Southeastern U.S. at Stratford Land.
Stratford Land will provide sites for sale to owner/users for warehousing, distribution and light industrial, commercial and mixed use. The property is strategically located four miles from the I-95 interchange and 11 miles from the Port of Savannah and Savannah Hilton Head International Airport; incorporates an existing CSX rail/intermodal right-of-way; and will rely on the well-established regional trucking infrastructure.
“The South Carolina Department of Commerce is supplying aggressive economic incentives to attract businesses to this region,” added Stephen W. Grable (SIOR), Senior Vice President, JLL. “RPBP is a prime location for import/export of manufactured goods—especially for shippers like Walmart, Home Depot and Target, who may be looking to construct owner/user facilities—and for developers looking to provide speculative facilities for lease.” The new inland port provides immediate access north to consumer hubs along the Atlantic Seaboard and south to Miami, Fla. and will benefit from a large, stable labor pool nearby, drawn in part from local military bases.
The first phase of the RPBP project incorporates 172 acres and will allow for over 1.8 million square feet of business service and industrial development. The inland port will eventually include up to 1,100 acres—part of Stratford’s total 5,100 acres of multi-use commercial and residential construction in the area.
About Stratford Land Stratford Land has more than 28 years of successful land investment history on behalf of institutional and private investors. Based in Dallas, Texas, the fund focuses on acquiring properties in high-growth corridors in Texas, Arizona, Southern California and the eastern seaboard from North Carolina to Florida. In addition to multi-family and commercial sites throughout coastal Georgia and South Carolina, Stratford also holds two industrial developments, Westport and Northport, in Chatham County. For more information, please visit www.stratfordland.com.
About JLL JLL (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com.