Three-property industrial portfolio sells in Savannah

ATLANTA, Jan. 11, 2024 – JLL Capital Markets announced today that it arranged the sale of North Gate Buildings 1, 2 and 3, three newly delivered, Class A distribution facilities totalling 853,019 square feet in Savannah, Georgia.

JLL represented the seller, Greenland Developers, Inc., and procured the buyer, The Orden Company.

The core-quality, best-in-class divisible buildings range in size from approximately 230,000 to 310,000 square feet and feature rear- and front-load capabilities, 36-foot clear heights, both dock-high and drive-in loading, 60-foot speed bays, at least 185-foot-deep truck courts, 25-foot candle LED warehouse lights, ESFR sprinkler systems, dock packages and at least 2,500 square feet of speculative office in each building.

North Gate is the gold standard in coastal logistics connectivity as it is 10 miles from the Port of Savannah with direct access to a broad network of major transportation thoroughfares and immediate access to the Savannah/Hilton Head International Airport.

Savannah is within a four-hour drive to major Southeastern markets such as Atlanta, Orlando, Jacksonville and Charlotte. Savannah is the single largest and fastest-growing container terminal in America, making it one of the most well-connected U.S. ports to a diversity of world markets.

The Orden Company’s thoughtfully designed and well-located buildings will benefit today and tomorrow’s tenants.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Britton Burdette, Dennis Mitchell, Matt Wirth and John Huguenard and Directors Jim Freeman and Mitchell Townsend.

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.

Since its founding in 1960, The Orden Company (TOC) and its affiliates have grown to become one of Southern California’s largest private real estate companies with over 300 properties under ownership. Based in Santa Fe Springs, California, TOC is responsible for the day-to-day oversight of a significant and diversified portfolio of state-of-the-art industrial warehouses, industrial outdoor storage facilities, office buildings, retail properties, service stations, billboards, utility-scale solar power facilities, and other assets. All are primarily located in Southern California and Georgia.

TOC takes a long-term approach to real estate, and it’s focused on acquiring and developing high-quality industrial related and other select asset types in its target markets for its affiliated companies. Generally, TOC develops and/or acquires assets using internal resources with no financing or similar contingencies.

For further information visit ordencompany.com, and for submittal of industrial acquisition/development opportunities in Georgia please contact Darren Foster (dfoster@ordencompany.com)