Stream Realty Partners Acquires Industrial Property In Savannah, GA For $113M

The property involved in the transaction is an industrial asset located at 1514 Old Dean Forest Road in Savannah, GA. The property spans approximately 826,250 square feet and was sold for a price of $113,000,000, resulting in a price per square foot of $137. The seller of the property was AEW Capital Management & Strategic Real Estate Partners, while the buyer was Stream Realty Partners. The transaction was facilitated by the brokers Britton Burdette, Dennis Mitchell, Matt Wirth, Mitchell Townsend, and Jim Freeman from JLL.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $113,000,000
• Address: 1514 Old Dean Forest Road, Savannah, GA
• Market: Savannah, GA
• Buyer: Stream Realty Partners
• Seller: AEW Capital Management & Strategic Real Estate Partners
• Brokers: Britton Burdette, Dennis Mitchell, Matt Wirth, Mitchell Townsend, and Jim Freeman - JLL
• Square Footage: 826,250
• Price Per Square Foot: $137

The deal involved the collaboration of various key individuals and companies. Britton Burdette, Dennis Mitchell, Matt Wirth, Mitchell Townsend, and Jim Freeman from JLL represented the buyer, Stream Realty Partners, in the transaction. Their expertise and negotiation skills played a crucial role in the successful acquisition of the property from the seller, AEW Capital Management & Strategic Real Estate Partners.