MetLife Investment Management Acquires I-16 Logistics Center From Dayton Street Partners For $72M

The 548,818-square-foot I-16 Logistics Center, located at 11900 Highway 280 in Ellabell, GA, was sold for $72 million. Built in 2023, the property is fully leased and is strategically positioned across from Hyundai’s 17M SF Metaplant, adding to its industrial appeal.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $72,000,000
• Buyer: MetLife Investment Management
• Seller: Dayton Street Partners
• Brokers: Britton Burdette, Dennis Mitchell, Jim Freeman, Robert (Bobby) Norwood & Maggie Dominguez - JLL

Dayton Street Partners, the seller, was represented in this transaction by a team of brokers from JLL, which included Britton Burdette, Dennis Mitchell, Jim Freeman, Robert (Bobby) Norwood, and Maggie Dominguez, demonstrating a collaborative effort in facilitating the sale.