North Signal Capital and EJF Capital obtained a $115 million loan to refinance a portfolio of distribution centers in Hardeeville, near Savannah. RiverPort Buildings 5, 6 and 7, a three-building portfolio of newly constructed Class A distribution centers, totals 1,324,186 square feet.
JLL represented the borrowers in securing the loan through Synovus and City National Bank. Bobby Norwood, Mark Sixour, Kelsey Bawcombe and Austin Smith led the JLL Capital Markets team.
The facilities, completed in 2023, are positioned within the Savannah industrial market, just 9.5 miles from the Georgia Ports Authority container terminal and 4.5 miles from Interstate 95. The portfolio is currently 87 percent leased to a diverse tenant base, including logistics providers, consumer products distributors and security system manufacturers.
RiverPort 5 spans 130,436 square feet. RiverPort 6 encompasses 402,491 square feet. The largest facility, RiverPort 7, contains 791,259.
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