$130M MDH Fund Enables Savannah Industrial Acquisition

MDH Partners (MDH) announces the close of a $130 million financing from Capital One. The Frontier Loan supports more than 1.8 million square feet of MDH’s recent acquisitions and development across coastal Georgia and three other US towns. The acquisition includes the 655,500-square-foot Beltway Logistics Center just outside Savannah, in Bloomingdale, the first acquisition from the fund.  MDH purchased the vacant warehouse from a joint venture led by the TPA Group. Joe DeHaven led the acquisition process for MDH Partners. Capital One’s Mary Lucy Lester originated the loan for the firm.

Beltway Logistics Center is situated on Jimmy DeLoach Parkway, the main thoroughfare to the Port of Savannah, and less than 1 mile from the I-16 interchange. The Port of Savannah is the fastest-growing and fourth-largest port in the nation, serving 20% of the U.S. population.

According to JLL, Savannah maintains one of the lowest industrial vacancy rates in the U.S and has remained below 5% for nine quarters in a row.