Winchester Institute Roundtable Member Howard Porter wins Georgia Economic Developers Association 2024 Deal of the Year
Auctus Real Estate
DAS North America engaged Auctus’ and Porter Properties’ affiliate, Metter Investment Partners, as its developer in July 2023. In less than 3 months, the Auburn, AL-based team secured land and incentives for the project and mobilized for construction in October. The project finished ahead of schedule and holds the record as the fastest delivered industrial project in Georgia history! [1] DAS will use the facility to manufacture seat frames to serve the new Hyundai EV plant.
[1] Per GEDA for industrial projects receiving incentives, where project timeline begins at incentive award / governor’s announcement and ends upon user occupancy and production.
HIGHLIGHTS:
Size: 200,000 SF on 30 acres
Cost: $26,000,000
Location: Metter, GA (Savannah area)
Delivery Method: Build-to-Suit Lease with Purchase Option
Construction Type: PEMB with insulated panels
Construction Schedule: 10 months October 2023 – July 2024
Project Incentives: $15,700,000 Less than 3 months from engagement to incentive award.
Howard J. Porter, Jr. MAI CCIM
Partner
Howard is founding partner of Auctus Real Estate and serves as chief strategist. Howard is Auburn University graduate and 50-year veteran of the commercial real estate industry. Having spent 30+ years as an appraiser and consultant specializing in commercial, industrial and complex valuation and consulting assignments, Howard is well experienced with the intricacies of the development process. Howard has served on numerous boards including River Bank & Trust, Trilogic Pharma, MilanaPharm, and Youth for Christ USA, and the Auburn University Master of Real Estate Development Advisory Board. He is a serial entrepreneur with ownership interests in businesses across many industries, including Global K-9 Protection where he most recently completed a majority sale valued in excess of $75M.