983,791-SF Class A Distribution Center Added to Portfolio
Highline Real Estate Partners (Highline), a diversified real estate investment firm, and Growth Capital Partners (GCP), a private real estate investment and operating firm, today announced that their programmatic investment platform has closed on the acquisition of Georgia International Commerce Centre – Building 2 (GICC), a 983,791-square-foot, Class A+ distribution facility in Ellabell, Ga., just west of Savannah.
Built in 2023 and institutionally maintained, GICC is a state-of-the-art cross-dock facility on a 52.22-acre site at 110 Commerce Parkway, featuring 40-foot clear heights and 228 dock-high doors. The property sits within the Savannah MSA’s Hyundai Micro Market, less than three miles from Hyundai’s $7.6 billion Metaplant America, the largest economic development project in Georgia’s history. With direct access to the I-16/U.S. 80/280 interchange, it offers strong distribution reach from Savannah to Atlanta and other key U.S. markets.
GCP arranged the purchase on behalf of Highline’s platform.
This acquisition increases the Highline/GCP industrial portfolio to nine properties totaling 4.4 million square feet and brings Highline’s overall industrial portfolio to 11 properties totaling 5.2 million square feet. GICC increases GCP’s overall managed portfolio to 13.3 million square feet.
“We are excited to expand our industrial portfolio in Savannah with the acquisition of this highly functional asset,” said GCP Partner, Investments, Michael Flynn. “Savannah continues to distinguish itself as one of the premier logistics markets in the country, supported by the strength and growth of the Port of Savannah, which has become one of the busiest container ports in the United States. At the same time, we are seeing continued absorption of large-format industrial space across the market, with tenant demand remaining healthy. This acquisition allows us to add a well-located, functionally strong building to the portfolio in a market where long-term fundamentals remain very compelling.”
“GICC is a best-in-class, modern logistics asset in one of the most dynamic industrial markets in the country,” said Jake Wilk, Vice President of Investments at Highline Real Estate Partners. “Savannah’s growth, accelerated by Hyundai’s Metaplant America and the surrounding manufacturing ecosystem, aligns directly with our long-term conviction in the region, and this acquisition reflects the continued momentum of our programmatic platform with GCP.”
