
EJF Capital, North Signal Capital Refi Warehouse Near Port of Savannah
EJF Capital LLC and joint venture partner North Signal Capital LLC closed a permanent financing agreement with MetLife Investment Management for RiverPort 4. JLL Capital Markets arranged the financing for the warehouse facility that is part of RiverPort Commerce Park, a 510-acre industrial park near Savannah, GA.
Located less than 10 miles from the Port of Savannah, the building is in a Qualified Opportunity Zone under the Tax Cuts and Jobs Act of 2017.
Completed in December 2022 and situated on 21 acres within RiverPort Commerce Park, RiverPort 4 is a Class A, 208,168-square-foot distribution warehouse facility that is 100-percent leased to two tenants.
The site includes three more state-of-the-art distribution warehouses, RiverPort 5, 6, and 7, totaling 1.3 million square feet under construction. Two are expected to be completed during the third quarter, and the third is expected to be completed during Q1 of 2024.
- ◦Financing