Xebec Snags Financing for 687K-SF Savannah-Area Industrial Development

Xebec closed on $30.49 million in joint-venture equity alongside $39.95 million in construction financing for Black Creek Commerce Center, a three-building Class A industrial development in Black Creek, Georgia. not far from Savannah.

JLL secured the construction loan from Seacoast Bank and placed the joint-venture equity with a private investment group.

Scheduled to deliver in the third quarter of 2027, the 687,890-square-foot development will feature three buildings spanning 219,170, 284,580 and 184,140 square feet. The development has direct access to U.S. Highway 80, providing immediate connectivity to Interstate 16 and the broader Atlanta market.

The Xebec holds a right of first refusal on Phase II, an adjacent 77-acre parcel, through April 2027.

The JLL Capital Markets team representing the developer was led by Bobby Norwood and Mark Sixour, along with Britton Burdette, Jim Freeman, Kelsey Bawcombe and Austin Smith.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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