Atlanta & Southeast News In Your Inbox
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
JLL Arranges Sale of New Savannah Transload Facility
JLL Capital Markets has arranged the $74.7 million sale of an infill industrial, build-to-suit transload facility totaling 136,240 square feet in Savannah, GA.
The newly built facility at 4833 and 4835 Old Louisville Road has 69 parking spaces, 884 trailer spaces, and 134 dock doors. The facility is near I-95, I-16, two rail intermodals, and the Port of Savannah. JLL represented the sellers, InLight Real Estate Partners and Black Salmon, and procured the buyer, JPMREIT.
The JLL team was led by Senior Managing Directors Britton Burdette, Patrick Nally, Dennis Mitchell and Matt Wirth and Directors Mitchell Townsend and Jim Freeman.
“We are pleased to have acquired what we believe is a high-quality asset that will serve as both a critical drayage/transload facility and a place to securely store excess trailers and ocean containers, located less than five miles from the fast-growing Port of Savannah,” said Dave Esrig, Co-President of JPMREIT.
- ◦Sale/Acquisition