#United States #Savannah #Dermody #Port Wentworth

Dermody Unveils Port Wentworth Commerce Center

In a significant move for the logistics sector, Dermody, a private equity investment management company, has announced the launch of the Port Wentworth Commerce Center. This master-planned logistics project, located just 6.5 miles from one of the busiest ports in the US, the Port of Savannah, is set to become the largest logistics development near the port in the Southeastern United States, marking a pivotal step in meeting the growing demands of the region.

The Port Wentworth Commerce Center is designed to cater to modern supply chain needs, with over 10 million square feet of logistics real estate slated for construction. It stands as a testament to the rising importance of logistics facilities strategically located close to major transportation routes. The center’s location offers immediate access to vital transportation infrastructure, including an extensive network linked to Interstate 95, the primary north-south interstate corridor on the East Coast, and onsite Class One rail service, which is crucial for seamless logistics operations.

Additionally, the center is situated within a designated Foreign Trade Zone, allowing tenants to enjoy the advantages of deferred, reduced, or eliminated tariffs on imported goods. This creates a robust competitive edge for businesses looking to optimize their global supply chain processes.

Wes Hardy, a Southeast Region Partner for Dermody, emphasized the urgent need for modern logistics facilities in this fast-growing region.

"Port Wentworth Commerce Center represents a unique investment opportunity to satisfy the increasing demand from companies that require both proximity to the Port of Savannah and top-tier facilities capable of supporting their logistics operations. The site’s scale, coupled with its unparalleled access to not only ports but also key transportation arteries, is unmatched in the U.S.," he stated.

Partnering with the Georgia Ports Authority, Dermody aims to significantly enhance the region's logistics capabilities. The authority’s collaboration acknowledges the necessity to keep pace with growing demands arising from population increases and shifting demographics. Stacy Watson, the Georgia Ports Director of Economic and Industrial Development, commented, "We welcome Dermody's investment, which will enrich our Southeast gateway supply chain ecosystem. The project will operate on the periphery of a facility that handles 35 ships, 42 double-stack container trains, and 7,000 trucks daily. Such collaboration is essential as we plan a $4.5 billion investment in the coming decade to grow the port’s capacity and competitiveness."

The Port of Savannah holds a notable position as the fastest-growing port in the nation and ranks as the third-busiest seaport in the U.S. The Port Wentworth Commerce Center takes advantage of this strategic location, being the closest site to a major seaport that can cater to multiple structures exceeding 1 million square feet, making it a prime candidate for companies seeking effective solutions for their logistical needs.

Complementing its vast space, development of a state-of-the-art infrastructure is underway, including the construction of a new 2.5-mile road system, which will enhance traffic flow to and from the center. This road infrastructure will eventually feature additional ingress and egress points, further streamlining access to the center. All essential utilities—water, sewer, power, gas, and fiber optics—are planned to be installed along this roadway, ensuring that the site is fully operational from its inception.

A key feature of the Port Wentworth Commerce Center is its superior power infrastructure, which includes capacity and availability tailored for high-demand users. Positioned adjacent to dual 230 KV transmission lines and a 115 KV substation owned by Georgia Power, the center is one of the few locations in Georgia equipped to provide up to one gigawatt of power service. Its adjacency to Georgia Power's Plant McIntosh, an efficient natural gas-powered facility, underlines the site's reliability in supporting major power requirements.

The launch of the Port Wentworth Commerce Center is viewed as transformative not only for the logistics sector but for local economic growth. Tim Walsh, Partner and Chief Investment Officer for Dermody, described the project as a generational opportunity, responding to the surging demand for port-adjacent logistics spaces and underscoring Dermody’s commitment to investing in critical infrastructure at key global trade gateways.

With its focus spanning numerous states in the Southeast, which includes logistics hotspots such as Atlanta, Savannah, and Nashville, Dermody continues to solidify its presence with a growing portfolio. Currently, the region has four other projects underway and more than 1.5 million square feet actively available for lease. For more insights and updates on Dermody’s initiatives, prospective clients and interested parties can explore the company’s regional pages on their official website.

Conclusion

The Port Wentworth Commerce Center is not merely a large real estate development; it signifies the bright future of logistics and infrastructure investment in the Southeast. By addressing immediate market needs and providing advanced solutions for logistics operations, Dermody preserves its role at the forefront of the logistics sector’s evolution, enhancing supply chain dynamics across the U.S.