MDH Partners today announces the acquisition of Beltway Logistics Center, a 655,370-square-foot, newly constructed industrial building located 15 miles from the Port of Savannah. The Atlanta-based firm purchased the vacant warehouse from a joint venture led by the TPA Group. Joe DeHaven led the acquisition process for MDH Partners.

“Savannah has quickly become one of the most dynamic industrial markets in the country, and as a result it is attracting significant new development,” said Joe DeHaven, Senior Managing Director at MDH Partners. “Our location along Jimmy Deloach Pkwy will provide a one turn route to the port, coupled with immediate access to I-16. Additionally, we have the flexibility to accommodate either one or two tenants, so we think we are positioned well to meet market demand.”

Located in Bloomingdale, Georgia, Beltway Logistics Center is situated on Jimmy DeLoach Parkway, the main thoroughfare to the Port of Savannah, and less than 1 mile from the I-16 interchange. The Port of Savannah is the fastest-growing and fourth-largest port in the nation, serving 20% of the U.S. population. The cross-deck facility features 40-foot clear heights, 172 trailer parks and 134 dock-high doors, 185’ all-concrete truck courts, and has in place 2,445 square feet of speculative office space and LED lighting in the warehouse. Notable neighbors include Floor & Decor, FedEx and Arco Plastic 

According to JLL, Savannah maintains one of the lowest industrial vacancy rates in the U.S and has remained below 5% for nine quarters in a row. Savannah is also in the U.S.’s top 10 for amount under construction, with 22.0 million SF of which 30% is pre-leased. With numerous growth plans in the works, the Georgia Ports Authority expects the Port of Savannah to remain one of the busiest ports in the country for the foreseeable future.

Beltway Logistics Center is MDH Partners’ first acquisition in Savannah in its current fund. MDH Partners has remained active this year, acquiring nearly four million square feet of industrial assets throughout the U.S. since January. The firm currently owns or manages approximately 35 million square feet in 30 markets in 18 states, having recently expanded its portfolio into new markets such as California, Minnesota, Maryland, Indiana, Illinois and Pennsylvania.