Stratford Land Announces Proposed Industrial Spec Building in Hardeeville, S.C

HARDEEVILLE, S.C. - Dec. 10, 2014 - PRLog -- Stratford Land (http://www.stratfordland.com/) recently announced plans for Panattoni Development Company (http://www.panattoni.com/)to be a preferred development partnerat the RiverPort Business Park (http://www.riverportsc.com/) (just east of the Savannah River on Highway 17). Panattoni has proposed a wide range of buildings from 50,000 to 1.1 million square feet in the 172-acre, initial phase of the park. The first building in the project is proposed to be 151,200 square feet and designed to suit one to three tenants. This announcement was made in November at an event attended by representatives of the Southern Carolina Regional Development Alliance, Georgia Ports Authority and various industrial brokerage companies in South Carolina and Georgia.

“This new business park is the start of something big in the Lowcountry region and we are excited to have Panattoni in this project,” David Moore, Senior Director of Investments Southeastern U.S. at Stratford Land stated. “RiverPort Business Park is expected to have a positive economic impact on the area as a job generator and stimulus to industrial activity and we’re pleased to see the new inland logistics hub take shape.”

In March of this year, Stratford Land celebrated the start of construction on phase one of RiverPort Parkway, which is now completed and serves as the entrance to this initial 172-acre industrial section of the development. RiverPort Business Park is located 11 miles from the Port of Savannah, the fastest growing port and fourth largest container port in the nation. It is estimated that RiverPort has the potential to attract an additional 10,500 jobs and a collective increase in annual personal income of up to $210 million to the area.

“We’re pleased to begin working with Stratford Land to bring the vertical development of an institutional quality to the project. We are in conversations with potential users who recognize this site as an ideal location for logistics with its proximity to both the port and Interstate 95,” said Dayne Pryor, Partner at Panattoni Development Company.

Sites are available at RiverPort Business Park which are approved for warehousing, distribution and light industrial. The development is located just 4.5 miles from I-95 and 11 miles from the Savannah Port, the fourth busiest port in the country. RiverPort Business Park will serve as an inland port to the Savannah Port with rail connectivity for both the import and export of manufactured goods. With its convenient location near both rail and the heavily trafficked I-95, the RiverPort Business Park also has immediate access north to consumer hubs along the Atlantic Seaboard and south to Miami, Florida.

It is anticipated that RiverPort Business Park will attract both shippers looking to self-perform construction of owner/user facilities and developers looking to provide speculative facilities for lease. The industrial development is planned to have more than 1.8 million square feet.

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About Stratford Land

Stratford Land has more than 28 years of successful land investment history on behalf of institutional and private investors. Based in Dallas, Texas, the fund focuses on acquiring properties in high-growth corridors in Texas, Arizona, Southern California and the eastern seaboard from North Carolina to Florida. Offices are currently located in Dallas, Atlanta and Phoenix. For more information, please visitwww.stratfordland.com

About Panattoni Development Company

Panattoni Development Company Inc. is a privately held, full-service development company founded in 1986. The firm has completed in excess of 200 million square feet of commercial projects worldwide. PDC has developed industrial, office and flex facilities in 278 cities located in 29 states and nine countries. The firm is headquartered in California and maintains offices throughout the United States, Canada and Europe.