SAVANNAH, GA (WTOC) - One hundred new jobs are on the way to Savannah by 2011. JLA Home has purchased a 689,400 square foot building in the LogistiPort Industrial Park from Dremody Properties/DP Partners. This is the largest Class A industrial property sell in Savannah in more than three years.
JLA Home specializes in home furnishing products and chose Savannah for its growing distribution market.
"There were many items considered while we researched for our new location on the east coast, however the overall Port of Savannah was the key along with the pro business attitude that was expressed by all parties within the Savannah area," said JLA Home Chief Operating Officer Rodney Dickey in a news release. "The overall quality of life, real estate market and labor pool was also a major attraction. We look forward to opening our operations and gradually building a strong base for our company in this eastern Port."
The property was developed in conjuction with the Savannah Economic Development Authority to give tax benefits to future business clients. SEDA was a large part of the recruiting effort of JLA Home as well as the Georgia Ports Authority.
"The creative economic development solution from SEDA allowed us to build this property and continues to be a strong incentive for users to locate in Savannah. They have been an excellent partner," said Michael Dermody, CEO and chairman of Dermody Properties/DP Partners, in a news release.
"We are always pleased when we can facilitate the location of a company in our area, particularly in today's business climate when beating out other communities for new jobs and investment can quickly elevate to an intense level of competition," said chairman of the SEDA Board of Directors Tommy Hester in a news release. "An international company like JLA selecting Savannah is never an accident and today's announcement will further solidify the significance of the Port of Savannah to our local and state economies as it continues to serve as a gateway to the world."
"Our LogistiPort was the first multi-building industrial park in the Southeast United States to be LEED certified by the US Green Building Council and the building that JLA purchased is one of the top 'green buildings' in the region," said Par Tolles of Dermody Properties/DP Partners in a news release.
Tolles and Stephen Bailey, Dermody Properties' Eastern Region Partner, managed the transaction for Dermody Properties.
"This is a great benefit to the community of Savannah," said Bailey in a news release. "Job creation is what it's all about in these difficult times, and Dermody Properties is pleased to have played a key role."
"JLA joins a growing list of port-dependent business choosing to call Savannah home over other South Atlantic options," stated Georgia Ports Authority Director Curtis J. Foltz in a news release. "Proximity to a deepwater terminal, a state with pro-port pro-business leadership, immediate access to interstate and rail for deeper market penetration all contributed to Savannah meeting JLA's freight mobility needs."
David Sink with Colliers International and Steve Chess with Townsend Commercial Real Estate represented the purchaser and Bob Robers and Steve Grable with Jones Lang LaSalle represented DP Partners.
"JLA Home is a great fit for the Savannah market. After looking in other markets, including Charleston and Norfolk, they came to the conclusion that Savannah was the best location from a logistics standpoint with the most efficient port, affordable real estate and pro-business climate," said David Sink with Colliers.