Move-in ready transload facility trades in Savannah
JLL Capital Markets led the sales efforts for Morgan Lakes, a recently completed facility close to Garden City Terminal and Savannah / Hilton Head International Airport
ATLANTA, June 4, 2024 – JLL Capital Markets announced today that it closed the sale of Morgan Lakes, a newly built, Class A transload facility totaling 115,500 square feet in Savannah, Georgia.
JLL represented the seller, North Point Industrial, LLC, and procured the buyer, Stream Realty Partners.
Recently completed in 2024, Morgan Lakes Transload Facility is move-in ready and stands as the only unoccupied transload/truck facility in the Savannah market. The facility features office space, LED lighting, 120 power amp mechanical dock levelers on every door, 185-foot fully concrete truck courts, ESFR sprinklers and concrete tilt-up construction. It offers 706 trailer spaces and 102 auto spaces.
Morgan Lakes Transload Facility sits on 101.2 acres at 421 Morgan Lakes Industrial Blvd. less than 10 miles from the Garden City Terminal and the Savannah / Hilton Head International Airport. Additionally, it is just one truck turn from Interstate 95, providing quick access to the entire Savannah industrial corridor and greater East Coast routes.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Britton Burdette, Dennis Mitchell and Matt Worth and Director Jim Freeman.
“The robust fundamentals of Savannah’s industrial market make it one of the top-performing markets in the country,” said Burdette. “Driven by record high cargo volumes at the Port, future expansion projects, and seamless connectivity to a network of logistical nodes, the market has witnessed significant growth. Over the past two years, average rents have surged by 36.68%, showcasing the market’s strength.”
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.
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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 108,000 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 Stream Realty Partners
Stream Realty Partners (Stream) is a national real estate services, development, and investment company. To learn more about Stream, please visit: streamrealty.com.