JLL Capital Markets arranges sale of the newly built Savannah Transload Facility to J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT)
News release
26 July 2023
Infill industrial transload facility trades for $74.7M in Savannah
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SAVANNAH, July 26, 2023 – 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.
“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. “We continue to see strong demand in the transload sector, and this transaction aligns with our strategic investment focus on income-producing assets that are positioned to benefit from the consumption trends of the new economy.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About InLight Real Estate Partners
InLight is a nimble real estate development and investment firm focused on creating value in industrial real estate across in a variety of ways. From strategic ventures with railroads and port authorities, to public-private partnerships, to joint ventures with existing landowners, InLight delivers efficient, flexible and creative solutions to its clients, investors, and deal partners along the modern supply chain. Learn more by visiting inlightre.com.
About J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT)
JPMREIT leverages J.P. Morgan Asset Management’s more than 50 years of real estate investment experience and invests in stabilized, income-producing assets positioned to benefit from the way people live, work and consume in the new economy. JPMREIT is externally advised and sponsored by J.P. Morgan Investment Management Inc.