Savannah Technical College

In 2003, the Savannah Technical College, a unit of the Technical College System of Georgia (TCSG), was looking to expand its facilities.  The President of the institution asked TUFF to purchase an existing facility and the surrounding 7.9 acres, which would be used for administrative offices and classrooms.

The project was an adaptive reuse of a facility formerly owned by International Paper and is located in the same industrial complex as the Savannah Campus of Georgia Tech.  TUFF negotiated the purchase of the property and provided interim short-term equity which was later complemented by a $5.2 million tax-exempt investment. Upon the end of the lease term, TUFF will convey the property to the Technical College System of Georgia.

A significant benefit to the State was the speed with which TUFF could execute an acquisition once the terms of the agreement were reached.