IPA Obtains Construction Financing for 1.2M-SF Savannah Warehouses

IPA Capital Markets arranged $77.3 million in financing for the construction of Central Port Logistics Tract 3, an industrial property located in Savannah, Georgia. The financing was secured by IPA’s Sunny Sajnani and Travis Headapohl, on behalf of their client, Capital Development Partners (CDP) based in Savannah. “The non-recourse, life company construction loan will provide funds to complete the vertical construction as well as lease-up of the project,” Sajnani said.

Central Port Logistics Tract 3 will consist of three speculative industrial buildings totaling 1,222,560 rentable square feet near the Port of Savannah. CDP anticipates the project will be fully leased and tenant-occupied by November 2026. These buildings are part of the larger Central Port Logistics Center, where CDP has delivered large-scale industrial projects, including a 982,800-square-foot building fully leased to Plastic Express, a 1,456,000-square-foot facility nearing stabilization, and two recently delivered 150,000-square-foot flex warehouses.