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

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.