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Home Depot Acquires 1.4M Sq. Ft. Distribution Center In Savannah From Savannah Economic Development Authority For $145.5M

Property Image
SOLD
$145,500,000

Georgia

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Industrial1,400,000 SF
Sold 03/13/2025
the dealdetailscomps
Property Image
SOLD

Home Depot Acquires 1.4M Sq. Ft. Distribution Center In Savannah From Savannah Economic Development Authority For $145.5M

125 Crossroads Parkway

See Similar Deals
Industrial1,400,000 SF
Sold 03/13/2025
the dealdetailscomps

Summary

GEORGIA
Asset Type:Industrial
Price Per Square Foot:$103
Total Square Footage:1,400,000 SF
Transaction Type:Sale

The property involved in this transaction is a distribution center located at 125 Crossroads Parkway, Savannah, GA. It has a total square footage of 1,400,000 and was sold for a price of $145,500,000, translating to a price per square foot of $104.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $145,500,000
  • Buyer: Ted Decker - Home Depot
  • Seller: Savannah Economic Development Authority
  • Square Footage: 1,400,000
  • Price Per Square Foot: $104
  • Adjacent Acres: 100

The acquisition was made by Home Depot, which previously leased the space for a duration of 30 years. Notably, Home Depot currently owns only 3% of its warehouse footprint while operating 80% of its stores.

Players

HD
Home Depot
BUYER

Details

SOLD
IMAGE: 03/13/2025 ADDRESS: 125 Crossroads Parkway MARKET: Savannah, GA ASSET TYPE: Industrial BUYER: Ted Decker - Home Depot SELLER: Savannah Economic Development Authority SALE PRICE: $145,500,000 SF: 1,400,000 ~ PPSF: $104 NOTE: Home Depot has acquired a 1.4M sq. ft. distribution center and 100 adjacent acres near Savannah/Hilton Head International Airport from the Savannah Economic Development Authority. The company, which leased the space for 30 years, owns just 3% of its warehouse footprint but 80% of its stores.

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