1M SF distribution center in Savannah, GA trades hands

ATLANTA, June 30, 2025 – JLL Capital Markets announced today the sale of NFI Distribution Center Savannah, a 1,026,606-square-foot Class-A distribution facility in Rincon, Georgia.

JLL represented the seller, a joint venture between Becknell Industrial and Real Estate at Goldman Sachs Alternatives, in the transaction with buyer Stockbridge.

Completed in 2022, the cross-dock facility features 40-foot clear heights, 190-foot truck courts, 270 trailer parking spaces (expandable to 307) and 102 dock levelers. The distribution center is fully leased to National Distribution Centers, LLC, operating as NFI, a major subsidiary of NFI Industries.

Located at 1200 Logistics Parkway, the property is 10.7 miles from the Georgia Ports Authority's Garden City Terminal and 4.9 miles from Interstate 95, providing excellent access to major transportation routes. The property is situated within Old Augusta Commerce Center, a master-planned industrial park that will ultimately hold 4.7 million square feet of industrial space across six buildings.

The JLL Capital Markets team was led by Senior Managing Directors Britton Burdette, John Huguenard and Dennis Mitchell, alongside Managing Directors Jim Freeman and Maggie Dominguez.

"The Savannah industrial market continues to experience remarkable growth, fueled by record cargo volumes at the Port, extensive infrastructure improvements and superior logistical connectivity," said Burdette. "After posting strong numbers in 2024, net absorption reaching 2.8 million square feet in the first quarter of 2025, ranking No. 1 nationally as a percentage of inventory, making it a compelling market for long-term investment."

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.

For more news, videos and research resources, please visit JLL’s newsroom.

Becknell Industrial is a privately held, full-service real estate firm focused exclusively on the development, investment and management of industrial properties across the United States. The company currently owns interests in 88 in-service properties, and 10 properties under construction totalling over 30 million square feet. Vertically integrated, Becknell is responsible for every aspect of the project including site selection, architecture and building design, engineering, construction, project management, property management and capital markets. Becknell has offices in Chicago, Indianapolis, Denver and South Florida. More information is available at www.becknellindustrial.com.

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has approximately $3.2 trillion in assets under supervision globally as of March 31, 2025.

Established in 1991, Real Estate at Goldman Sachs Alternatives is one of the leading investors in real estate with over $60 billion in capital invested since 2012 across the spectrum of investment strategies from core to opportunistic and credit. The global team invests across all sectors with deep expertise across the capital structure, in assets ranging from single properties to large portfolios, through senior mortgages, mezzanine debt and equity. Follow us on LinkedIn.

Stockbridge is a real estate investment management firm led by seasoned senior professionals averaging 25 years of real estate industry experience. The firm was founded in 2003 and manages real estate equity investments across the risk spectrum within a variety of investment structures on behalf of U.S. and foreign institutional investors, family offices and high net worth individuals. Stockbridge has approximately $35.2 billion of assets under management (as of December 31, 2024) spanning all major real estate property types, and certain specialty property types with an emphasis on residential and industrial space throughout the U.S. The firm has offices in San Francisco, Atlanta, Chicago, Dallas, Denver, and Phoenix. For more information, visit www.stockbridge.com