JLL Secures $80M Loan For Main Gate Logistics Development Site In Savannah, GA | Prosperity Drive | Mateo Bolivar, Melissa Rose, Michael DiCosimo | Development Site | Loan

Summary

Loan

GEORGIA

Development Site

1,270,000 sqft

Maint Gate Logistics, a newly completed, 1.27 million square feet Class A industrial park in Savannah, Georgia, has secured an $80 million senior loan. The loan was secured by JLL Capital Markets for Main Gate Logistics, which was developed by McCraney Property Company.

Summary of transation details

Property Type: Development Site
Transaction Amount: $80,000,000
Address: Prosperity Drive
Market: Savannah, GA

JLL Capital Markets facilitated the loan for Main Gate Logistics, providing financial support for the development of the industrial park. McCraney Property Company, led by Steven McCraney, is the landlord and developer of the property. Mateo Bolivar, Melissa Rose, and Michael DiCosimo from JLL served as brokers in the transaction.

Players

All
4

Agents
3
Agencies
1

$128.8M Sold

Details

Deal Summary

FINANCED

IMAGE: Steven McCraney, Mateo Bolivar, Melissa Rose & Michael DiCosimo DATE: 11/30/2023 ADDRESS: Prosperity Drive MARKET: Savannah, GA ASSET TYPE: Development Site ~ SF: 1,270,000 LANDLORD: Steven McCraney - McCraney Property Company BROKERS: Mateo Bolivar, Melissa Rose & Michael DiCosimo - JLL LOAN AMOUNT: $80,000,000 NOTE: JLL Capital Markets has secured an $80 million senior loan for Main Gate Logistics, a newly completed, 1.27 million square feet Class A industrial park in Savannah, Georgia, developed by McCraney Property Company.

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AddressProsperity Drive

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