CenterPoint Properties Signs New Customer to CenterPoint Intermodal Center

OAK BROOK, Ill., March 16 /PRNewswire/ -- CenterPoint Properties announced today that Coastal Logistics Group, Inc. has signed a long-term lease for a 320,000 square feet rail served facility at CenterPoint Intermodal Center-Savannah (CIC-Savannah).  Coastal Logistics Group, Inc. (CLG) is the first build-to-suit for the 233-acre intermodal center located just 4 miles from the Georgia Port Authority. CLG is looking forward to locating its corporate headquarters in CIC-Savannah allowing this Savannah based company to continue to expand their warehouse space and service offerings.

The new facility at CIC-Savannah is located minutes from I-95 and I-16 providing an optimal location for CLG's customers.  In addition, the new location will also have direct access to the Norfolk Southern rail service and Norfolk Southern Dillard Intermodal Yard, which will allow for world-class transportation amenities.  Chad Barrow, President of CLG said, "CLG is committed to improving its services and the operational excellence expected from its customers. The convenient location will allow us to expand delivery options ensuring a cost-efficient logistics chain for products. In addition, the new construction will stimulate job growth in our local economy."

"We are pleased to welcome Coastal Logistics to their new home at CIC-Savannah. Adding rail service to their logistics services in addition to locating adjacent to the NS Dillard Yard and the Port will provide their clients with significant transportation savings," said Brian McKiernan, Vice President at CenterPoint Properties. "We are confident that the transportation advantages achieved by locating within the park will grow significantly over time which will underscore the forward-thinking mentality they displayed in this decision."  CLG's facility will feature 320,000 SF of Norfolk Southern rail service with 32' clear ceilings, 69 trailer parking spaces, 41 dock doors and 2 drive-in doors. Construction will commence immediately.

Bob Robers of Jones Lang LaSalle and Jeremy Merklinger of Hostetter Schneider Realty Partners represented CLG in this transaction, and John Neely of Colliers Neely Dales represented CenterPoint Properties. CenterPoint would like to thank both teams for their efforts in making this a successful transaction.

CenterPoint Properties is the nation's leading industrial and transportation-related property company.  The company maintains a sizeable portfolio of industrial buildings and owns more than 8,000 acres within its intermodal logistics centers that are strategically situated in major transportation markets around the country.

Coastal Logistics Group, Inc. (CLG) originated with the understanding of a need in the global supply chain market within the Southeastern US. The advantage of CLG is the agility and business relationships derived from a small company but the innovative solutions often found within a large logistics service provider. CLG tailors its services by leveraging technology, personnel and the industry's best practices creating a partnership with its customer. Utilizing its Specialized Port Services, Packing and Crating Services, Distribution Support Services, and Manufacturing Support Services CLG will engineer your customized solution.

SOURCE CenterPoint Properties

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