Port of Savannah

Noble Breaks Ground on Tempo by Hilton Savannah Historic District

Retrieved on: 
Thursday, November 9, 2023
Port of Savannah, Pension, River Street, LEED, Tempo, Hilton, Port, International airport, Warwick Investment Group, Law enforcement, Multimedia, National Historic Landmark, Reader, Character, Student, The Last Best Place, Walking, Museum, Firefighter, Travel, Noble, Yar, Hotel, Savanna, Savannah River, Historic district

ATLANTA, Nov. 9, 2023 /PRNewswire/ -- Noble Investment Group (" Noble ") today celebrated the groundbreaking of the Tempo by Hilton Savannah Historic District.

Key Points: 
  • ATLANTA, Nov. 9, 2023 /PRNewswire/ -- Noble Investment Group (" Noble ") today celebrated the groundbreaking of the Tempo by Hilton Savannah Historic District.
  • Working collaboratively with the Savannah Historic District Board, the LEED-certified Tempo by Hilton Savannah Historic District has been designed to complement the unique character and heritage of the district.
  • "We are thrilled to introduce the Tempo by Hilton, marking the vibrant brand's debut in Savannah," said Noble Senior Vice President, Dustin Fisher.
  • Savannah's Historic District is the most extensive National Historic Landmark District in the United States and contains over twenty city squares filled with museums, historic churches, mansions, and monuments from the Revolutionary & Civil War eras.

Oaktree Acquires Consolidated Chassis Management

Retrieved on: 
Tuesday, October 3, 2023
Supply Chain Management, Trucking, Logistics, Retail, Transport, Oaktree Capital Management, Partnership, Jacksonville Port Authority, North Carolina State Ports Authority, GHG, Consultant, Wilson, Port of Savannah, Acquisition, CCM, SACP, Growth, ESG, Georgia Ports Authority, Airline, Renewable energy, Atlantic Ocean

Consolidated Chassis Management LLC (“CCM” or the “Company”), a leading manager of marine chassis pools in the U.S., announced today its acquisition by funds managed by the Transportation Infrastructure strategy of Oaktree Capital Management, L.P. (“Oaktree”).

Key Points: 
  • Consolidated Chassis Management LLC (“CCM” or the “Company”), a leading manager of marine chassis pools in the U.S., announced today its acquisition by funds managed by the Transportation Infrastructure strategy of Oaktree Capital Management, L.P. (“Oaktree”).
  • Under its new ownership, CCM will have a significantly expanded capital base providing the financial support it needs for the successful launch of the new South Atlantic Consolidated Chassis Pool (“SACP 3.0”).
  • CCM will serve as the exclusive manager and sole chassis provider for SACP 3.0 under a long-term management and supply agreement with South Atlantic Consolidated Chassis Pool LLC (“SACP”), an OCEMA affiliate.
  • As the pool’s manager, CCM will oversee the increase and upgrade of the existing South Atlantic Consolidated Chassis Pool fleet with new and refurbished marine chassis to better service the area’s major regional ports and key intermodal inland hubs.

Statement on Georgia Central Railway and Heart of Georgia Railroad Petition to Pilot Zero-Emission Rail-Freight Solution from Parallel Systems

Retrieved on: 
Thursday, August 10, 2023
Green Technology, Rail, Environment, Logistics, Supply Chain Management, Transport, Central Railway, G&W, Port of Savannah, Port, Multimedia, Federal Railroad Administration, Carbon, FRA, HOG, Genesee, Genesee & Wyoming, GC, Georgia Central Railway, Rail freight transport

Georgia Central Railway, L.P. (GC) and Heart of Georgia Railroad, Inc. (HOG), subsidiaries of Genesee & Wyoming Inc. (G&W), today filed a petition with the Federal Railroad Administration (FRA) to pilot new zero-emission rail-freight technology from Parallel Systems on portions of their rail lines.

Key Points: 
  • Georgia Central Railway, L.P. (GC) and Heart of Georgia Railroad, Inc. (HOG), subsidiaries of Genesee & Wyoming Inc. (G&W), today filed a petition with the Federal Railroad Administration (FRA) to pilot new zero-emission rail-freight technology from Parallel Systems on portions of their rail lines.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20230810070052/en/
    GC and HOG believe the development and anticipated adoption of this technology has the potential to capture new container business moving to and from the Port of Savannah, as well as reinvigorate traffic on rural rail lines and revive inland ports in Georgia – all while removing trucks from the region’s roads and reducing carbon emissions.
  • If approved, the multi-phased pilot would begin next year and be overseen by the FRA, G&W and Parallel Systems – allowing G&W and Parallel Systems to demonstrate the technology in a field setting while using carefully developed protocols to ensure the pilot is operated in a safe, controlled manner.

Port Jersey Logistics Expands Services into Georgia's Burgeoning Port of Savannah

Retrieved on: 
Monday, July 31, 2023
Album-equivalent unit, Port, Transport, Port of Savannah, Intermodal freight transport, Port Jersey

CRANBURY, N.J., July 31st, 2023 /PRNewswire-PRWeb/ -- Port Jersey Logistics, a leading provider of logistics solutions for more than seven decades, continues a banner year of growth by announcing its family of companies now serve the Port of Savannah in southeast Georgia. This strategic move into the nation's fourth-busiest port will serve the growing customer demand for reliable logistics services and the increasing trend among businesses to seek enhanced import options on the East Coast.

Key Points: 
  • ft. Class A warehouse in Savannah that offers food-grade facilities, omnichannel e-commerce capabilities, and a large, secure container yard.
  • The facility also accommodates office space for Continental Logistics, which handles all domestic transportation services for Port Jersey customers.
  • According to industry data , in 2022, the Port of Savannah handled 5,763,711 TEUs, a number projected to grow by 750,000 TEUs in 2023.
  • "We hope that this is only the first of many facilities that Port Jersey will be operating in the Savannah region," Ramella said.

EJF Capital and North Signal Capital Refinance RiverPort Building 4 at the RiverPort Commerce Park Near the Port of Savannah, GA

Retrieved on: 
Thursday, July 27, 2023
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, Real estate development, I-95, Tax Cuts and Jobs Act of 2017, Port of Savannah, EJF, Port, Opportunity zone, I-16, Capital, Tax, Project, United, United States $1 Coin Act of 1997, Commercial property, Warehouse

EJF Capital LLC (“EJF Capital”) and joint venture partner North Signal Capital LLC (“North Signal”) today announced the successful close of a permanent financing agreement with MetLife Investment Management for RiverPort 4, a warehouse facility that is part of RiverPort Commerce Park (“the Project”), a 510-acre industrial park near Savannah, Georgia.

Key Points: 
  • EJF Capital LLC (“EJF Capital”) and joint venture partner North Signal Capital LLC (“North Signal”) today announced the successful close of a permanent financing agreement with MetLife Investment Management for RiverPort 4, a warehouse facility that is part of RiverPort Commerce Park (“the Project”), a 510-acre industrial park near Savannah, Georgia.
  • Completed in December 2022 and situated on 21 acres within RiverPort Commerce Park, RiverPort 4 is a Class A, 208,168-square-foot distribution warehouse facility that is 100 percent leased to two tenants.
  • The Project includes three more state-of-the-art distribution warehouses, RiverPort 5, 6, and 7, totaling another 1.3 million square feet currently under construction.
  • To date, EJF Capital and North Signal have completed and fully leased four distribution warehouses within RiverPort Commerce Park totaling 1.3 million square feet.

Bradshaw Home Opening New East Coast Distribution Facility Operated by NFI to Better Serve Customers

Retrieved on: 
Tuesday, July 25, 2023
Workforce, Learning, Partnership, Norfolk Southern Railway, Rocky Mountains, Mississippi River, Port of Savannah, Economy, Georgia Ports Authority, Port, Peach, Food storage, Industrialisation, Georgia Department of Economic Development, Growth, Effingham, CSX, Bradshaw, NFI, Warehouse, Intermodal freight transport, Savanna

The facility will open in November and have an immediate impact on Bradshaw’s ability to better serve retail customers.

Key Points: 
  • The facility will open in November and have an immediate impact on Bradshaw’s ability to better serve retail customers.
  • “More than 75% of Bradshaw’s customers are east of the Rocky Mountains, 55% are east of the Mississippi River,” said Bradshaw CEO Tony Hair.
  • "East Coast ports enable shippers to diversify their port strategy and reduce the shipping time to major metropolitan areas.
  • Our relentless dedication to efficiency, innovation, and customer service has enabled us to partner and develop solutions with customers like Bradshaw Home."

CJB Industries Gives Customers Logistical Edge with Bulk Capacity Investment

Retrieved on: 
Wednesday, July 19, 2023
CJB, Heat, Port, Transport, CropLife International, Plant, Herbicide, ISO, Port of Savannah, Dairy, Savanna

VALDOSTA, Ga., July 19, 2023 /PRNewswire/ -- CJB Industries Inc. recently invested $4 million in a 6,500-square-foot addition at its Gil Harbin formulation plant in Valdosta, GA. The added capacity gives customers the ability to produce herbicides, plant growth regulators and industrial products in bulk, as well as packaged finished goods. An additional investment at the site will include a 45,000-square-foot expansion to add warehouse, office and lab upgrades at the facility. Over the next five years, the combined investments could infuse between $52 million and $68 million into the region's economy1.

Key Points: 
  • The added capacity gives customers the ability to produce herbicides, plant growth regulators and industrial products in bulk, as well as packaged finished goods.
  • An additional investment at the site will include a 45,000-square-foot expansion to add warehouse, office and lab upgrades at the facility.
  • We're excited to bring this new capacity to our other customers, especially considering our facility's proximity to transportation corridors connected to key agricultural regions of the country and global shipping lanes," said Sims Turner, Sales Manager, CJB Industries.
  • "We invite all chemical companies to connect with CJB Industries to discuss formulation, packaging and transportation solutions for their products."

Georgia Ports Authority and Kaleris Win 2023 Top Supply Chain Projects Award

Retrieved on: 
Wednesday, June 14, 2023
Demand, Port of Savannah, GPA, Navis, Port, Georgia Ports Authority, Research, Movement, Forecasting, Supply & Demand Chain Executive, Organization, Food, Growth, Automation, Rail freight transport, Warehouse, Transport, N4, Supply

SAVANNAH, Ga., June 14, 2023 (GLOBE NEWSWIRE) -- The Georgia Ports Authority and Kaleris today announced that their collaboration launching the Navis N4 terminal operating system at the Port of Savannah earned a 2023 Top Supply Chain Projects Award from Supply and Demand Chain Executive.

Key Points: 
  • SAVANNAH, Ga., June 14, 2023 (GLOBE NEWSWIRE) -- The Georgia Ports Authority and Kaleris today announced that their collaboration launching the Navis N4 terminal operating system at the Port of Savannah earned a 2023 Top Supply Chain Projects Award from Supply and Demand Chain Executive.
  • The Top Supply Chain Projects Award profiles the most innovative projects that optimize and improve the supply chain for all stakeholders.
  • “As the nation’s third-busiest gateway for containerized trade, millions of people, businesses, and organizations rely on our essential services,” said Bill Sutton, Chief Information Officer at Georgia Ports Authority.
  • A small disruption can have disastrous consequences downstream in the supply chain for the millions of stakeholders who depend on the port.

EB5 Capital Celebrates the Closing of Hutchinson Island (JF38)

Retrieved on: 
Thursday, June 8, 2023
Partnership, Port of Savannah, Port, Albany Convention Center, Convention center, Commercial property, Investment, Savanna

WASHINGTON, June 08, 2023 (GLOBE NEWSWIRE) -- Today, EB5 Capital announced the closing of its $40 million preferred equity investment in Daniel Corporation’s Hutchinson Island (JF38) apartment project, located in Savannah, Georgia.

Key Points: 
  • WASHINGTON, June 08, 2023 (GLOBE NEWSWIRE) -- Today, EB5 Capital announced the closing of its $40 million preferred equity investment in Daniel Corporation’s Hutchinson Island (JF38) apartment project, located in Savannah, Georgia.
  • EB5 Capital is making a $40 million preferred equity investment in Daniel Corporation’s 288-unit, Class A multifamily property located across the Savannah River from Historic Downtown Savannah.
  • Hutchinson Island (JF38) is scheduled to break ground imminently, and the first units are expected to be delivered in early 2025.
  • EB5 Capital provides preferred equity investments for ground-up development across the United States.

Stoneweg US Expands Portfolio with the Acquisition of The Station at Savannah Quarters

Retrieved on: 
Thursday, May 25, 2023
EV, Tourism, Port of Savannah, EVP, Electric vehicle, Port, International airport, Acquisition, Growth, ESG, Interstate Highway System, Interstate 16, Renewable energy, Investment, Savanna

The Station at Savannah Quarters, developed by Tynes Development in 2019, is situated on approximately 10.8 acres within the renowned Master Planned Use Development Savannah Quarters.

Key Points: 
  • The Station at Savannah Quarters, developed by Tynes Development in 2019, is situated on approximately 10.8 acres within the renowned Master Planned Use Development Savannah Quarters.
  • Strategically located along Pooler Parkway, adjacent to Interstate 16, The Station at Savannah Quarters enjoys excellent connectivity and high visibility, with approximately 37,000 average daily traffic passing through.
  • Stoneweg US remains dedicated to its mission of creating long-term value for its stakeholders and the creation of sustainable communities.
  • This investment in The Station at Savannah Quarters further solidifies Stoneweg US' position as a leading real estate firm committed to responsible investing and sustainable development.