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Article: Perseus pursues Ga. development.
- Article from:
- Real Estate Weekly
- Article date:
- August 27, 2008
CopyrightCOPYRIGHT 2008 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Perseus Realty Partners, manager of PRP II, L.P., a diversified middle market real estate opportunity fund, announced it will develop Interstate Center II, a large bay warehouse facility located 20 miles outside the port of Savannah, Ga., in joint venture with TPA Realty Services and Resource Real Estate Partners. The development will be PRP II's second investment in just two months.
As planned, Interstate Center II, the first phase of a 505-acre industrial park, will be a 32'-clear, 600,000 s/f, cross-dock warehouse facility on 54.5 acres. Located at the comer of Interstate 16 and Highway 280, the project is ideally situated to benefit from the vigorous growth ...