Infill industrial transload facility trades for $74.7M in Savannah:
JLL Capital Markets arranges sale of the newly built Savannah Transload Facility to J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT)
July 26, 2023 | Alli Semans | JLL Capital Markets
JLL Capital Markets announced today that it arranged the $74.7 million sale of an infill industrial, build-to-suit transload facility totalling 136,240 square feet in Savannah, Georgia.
The newly built facility located at 4833 and 4835 Old Louisville Road, which has 69 parking spaces and 884 trailer parking spaces, sprawls over an approximately 60-acre site and includes 134 dock doors. Located just south of the Savannah/Hilton Head International Airport and along U.S. Route 80, the facility is within a five-mile radius of I-95, I-16, the CSX & Norfolk Southern intermodals, and both terminals of the Port of Savannah. JLL represented the seller, InLight Real Estate Partners, and procured the buyer, JPMREIT.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Britton Burdette, Patrick Nally, Dennis Mitchell and Matt Wirth and Directors Mitchell Townsend and Jim Freeman.
