GTIS Partners LP ("GTIS"), a global real estate investment firm that manages $4.6 billion in gross assets with a focus on residential and industrial investments, announced today the acquisition of a 24-acre industrial site in the Savannah, Georgia MSA. GTIS will develop 297,163 SF of Class A industrial space across two buildings on the site.

The development is located in the Highway 21 corridor of the Savannah market, with excellent access to I-95 and less than 10 miles from the Port of Savannah's Garden City Terminal, the single largest and fastest growing container terminal in North America. Warehouse leasing in the Savannah market has been strong in 2025 with a record 4.6 million square feet of leasing activity in the first quarter, and nearly 3 million square feet since April.

"GTIS continues to see positive fundamentals in the sub 200,000 SF size category on the back of the ongoing and planned expansions at the Port of Savannah and as the Hyundai supplier ecosystem continues to expand. This size segment continues to outperform the broader market at less than half the vacancy rate - 6.3% vis-à-vis the 750,000+ SF segment with 14.3% vacancy rate in 2025," said Robert McCall, Partner and Head of US Industrial at GTIS Partners.

The Old Augusta Road development represents GTIS' 16th industrial investment. Since inception, GTIS' US industrial investments encompass over 10 million square feet with total project cost exceeding $1.2 billion primarily across the Carolinas, Georgia, and Texas markets with a focus on smaller industrial product where demand and leasing remains favorable notwithstanding the tariff related uncertainty.