JPMorgan Real Estate Income Trust Acquires Savannah Transload Facility In Garden City For $73.2M

JPMorgan Real Estate Income Trust Inc. has acquired the Savannah Transload Facility, an industrial property spanning 136,240 square feet on a 60-acre site in Garden City, GA, for $73.2 million. The property is located at 4833 & 4835 Old Louisville Road. It is an industrial asset with a large land area of 60 acres, providing ample space for various industrial activities. The transaction took place on July 26, 2023. The property's market is in Garden City, GA, making it a strategic location for industrial operations.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $73,200,000
• Square Footage: 136,240
• Price per Square Foot: $537
• Address: 4833 & 4835 Old Louisville Road
• Market: Garden City, GA

This transaction involved notable individuals and companies. JPMorgan Real Estate Income Trust Inc. acted as the buyer, while InLight Real Estate Partners served as the seller. The brokerage services were provided by Britton Burdette, Dennis Mitchell, Jim Freeman, Matt Wirth, Mitchell Townsend, and Patrick Nally from JLL. Their expertise and contributions facilitated the successful completion of this deal.