Sale of Interstate West’s Building A closes

ATLANTA, Sept. 3, 2024 -  JLL Capital Markets announced today the sale of Building A of Interstate West, a Class A, 637,868-square-foot industrial property located west of Savannah, Georgia.

JLL represented the seller, VanTrust Real Estate, in the sale to Goldrich Kest.

Currently 100% leased to three tenants, the property was built in 2023 and features 185-foot truck court depths, 134 dock-high doors, four drive-in doors, 228 auto spaces, 168 trailer spaces and ESFR fire sprinklers.

Situated within the 515-acre Interstate West industrial park, the Class A industrial property is located at 54 Logistics Dr. in Ellabell, Georgia. Located off Interstate 16 and Highway 280, the park provides excellent access to the Port of Savannah, Interstate 95, the Savannah/Hilton Head International Airport and is within a four-hour drive of major markets including Atlanta, Orlando and Charlotte.

The JLL Investment Sales and Advisory team was led by Senior Managing Directors Britton Burdette, John Huguenard, Matt Wirth and Dennis Mitchell along with Director Jim Freeman.

"We continue to see increased investor demand for industrial product in Savannah, which is recognized as one of the best performing markets in the country and most important transportation and logistics hubs in North America due to its connectivity to a network of sea, rail, air and road operations," said Burdette.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

About VanTrust Real Estate