Three-property industrial portfolio sells in Savannah
JLL Capital Markets worked on behalf of Greenland Developers, Inc. in the sale of North Gate Buildings
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.
About The Orden Company
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)
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.