McCraney Property Company obtained an $84 million loan for Phase I of Logistics 16 at Ottawa Farms, a 1,007,800-square-foot, Class A industrial development in Savannah, Georgia.

The financing, structured by JLL’s Melissa Rose, Michael DiCosimo and Nicole Barba, includes a three-year, floating-rate loan through Truist.

Developed and delivered by McCraney in 2024, Phase I is currently 84.8% leased. At full buildout, it will include nine buildings and over 4.4 million square feet of Class A industrial space.

The property is situated approximately 16 miles from the Georgia Port Authority. This location offers access to the largest single-container facility in North America, which is also the nation’s second-busiest and fastest-growing port.

Since its founding in 1989, the company has developed e-commerce fulfillment and distribution facilities and private acquisitions in Florida, Georgia, North Carolina, and South Carolina’s major markets.