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The Kearney Companies – Savannah, LLC, a Subsidiary of Precision Terminal Logistics, LLC, Announces its New Lease with Brookfield Properties for its CSX Rail-Served Facility Located in Savannah, GA

Updated: May 8

SAVANNAH, GA – The Kearney Companies – Savannah, LLC along with its parent company, Precision Terminal Logistics (PTL), are pleased to announce a new lease arrangement with Brookfield Properties for its CSX rail-served commodity distribution facility that Kearney has operated for over twelve years located on 6030 Commerce Blvd in Garden City, GA. The warehouse is a 397,500 square foot facility that is rail served by CSX. The facility is located 1.5 miles from the Georgia Port Authority’s - Garden City Container Terminal, and this location is the closest CSX rail-served warehouse to the Port of Savannah Container Terminal in Garden City, GA.

 

This new lease between Kearney Savannah and Brookfield Properties enables an extension of Kearney’s established 3PL logistics service offerings in Savannah, GA. These services include ocean container drayage, CSX boxcar transloading, commodity distribution, and related 3PL services that are catered to import and export commodities like rolled pulp, rolled packaging products, baled pulp, bundled plywood, unitized products like super sacks (totes), and export baled cotton. The new lease is a 5-year lease that went into effect in January of 2024, and includes an additional 5-year extension period, effectively making the lease a ten-year lease term.

 

Brookfield Properties is finalizing several significant facility updates, including a new roof, fresh exterior painting, replacement of old dock levelers and conversion of the interior and exterior lighting systems to more energy-efficient LED lighting. These investments by Brookfield Properties in the Commerce Blvd facility, and Kearney’s commitment to new lease, emphasize the parties’ shared commitment to the Savannah gateway. The parties are making commitments to the shippers that utilize these facilities while also supporting new cargo growth and fostering continued job creation in the region.

 

“We appreciate our partnership with Brookfield Properties at the 6030 Commerce Blvd facility in Garden City. We believe that the success of this partnership will ultimately be measured in terms of the sustainable competitive advantages we are able to enable for each specific shipper’s supply chains and the jobs that we create in this process of using this facility to support these customers various logistical needs. With this new lease, we will be continuing to help our customers grow their import and export volumes that move through our upgraded facilities well into the future” said David W Kearney, President of The Kearney Companies – Savannah, a wholly owned subsidiary of Precision Terminal Logistics, LLC.

 

“We’re happy to support the Kearney Companies as they expand business operations in the Savannah market with the lease extension and modernization of the building," said Peyton Murray of Brookfield Properties. “Collaboration with our valued customers like Kearney is the cornerstone of our best-in-class logistics real estate platform. We are excited about the continued relationship with Kearney and appreciate their commitment to this strategic location.” 

 

“By shifting freight to rail from other land-based transportation modes through the Kearney Savannah facility, shippers can improve their environmental footprint as shipping via rail takes traffic off an already congested highway system and minimizes fuel consumption while also reducing transportation costs. CSX is pleased to have the opportunity to continue to serve The Kearney Companies – Savannah Garden City, GA facility and to support vital commerce at the Port of Savannah,” said Kevin Boone, CSX Executive Vice President, and Chief Commercial Officer. “CSX is committed to working closely with Kearney and their shippers to identify new opportunities and provide reliable transportation solutions to better connect them to the global supply chain through the Savannah Gateway.”

 

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FOR A COPY OF THE PRESS RELEASE AS A PDF, PLEASE SEE BELOW:


2024 Kearney Savannah Lease Announcment_Brookfield+CSX_05-08-2024_FINAL
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ABOUT:

Precision Terminal Logistics

Precision Terminal Logistics operates 21 terminals in 15 states. PTL provides an array of safe material handling services including transloading of various commodity cargos that include liquid bulk, dry bulk, and dimensional cargo transloading from rail to truck. PTL also operates a large-scale mining operation in Bloomfield, MO. The company was formed in September 2019 by Anacostia Rail Holdings Company and Brown Brothers Harriman Capital Partners Opportunities Fund, L.P.

 

The Kearney Companies – Savannah, LLC:

The Kearney Companies – Savannah, LLC established Third Party Logistics (3PL) services in the Savannah Port area in 2012 when it originally leased the 397,500 square foot warehouse in Garden City, GA. The Kearney Companies also has third party logistics operations in The Port of New Orleans, LA which started in 1996. The company's 3PL services originated from four generations of warehousing and rail and port related logistics experience. Kearney Companies - Savannah is a high-quality warehouse service provider with CSX rail served operations in Savannah, GA. The Kearney Companies is headquartered in New Orleans, LA and operates as a wholly owned subsidiary of Precision Terminal Logistics, LLC. www.kearneycompanies.com

 

Brookfield Properties:

Brookfield Properties is a leading global developer and operator of high-quality real estate assets. We are active in nearly all real estate sectors, including office, retail, multifamily, hospitality, and logistics, operating more than 900 properties and over 350 million square feet of real estate in gateway markets on behalf of Brookfield Asset Management, one of the largest asset managers in the world. With a focus on sustainability, a commitment to excellence, and the drive for relentless innovation in the planning, development, and management of buildings and their surroundings, Brookfield Properties is reimagining real estate from the ground up. Over the past twelve months, we have added over $1.6 billion of logistics to our U.S. portfolio of more than 300 properties.  For more visit our website.

 

CSX Corporation:

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook (http://facebook.com/OfficialCSX) and follow us on X, formerly known as Twitter (http://twitter.com/CSX).


Kearney Companies Savannah Announces CSX Facility Lease

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