JLL Capital Markets arranged the sale of 50 Innovation Drive to LBA Realty
News release
11 February 2025
491K SF industrial facility in Savannah, GA sold
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ATLANTA, Feb. 11, 2025 – JLL Capital Markets announced today the sale of 50 Innovation Drive, a 491,329-square-foot industrial property in Savannah, Georgia.
JLL represented the confidential seller in the sale to LBA Logistics.
This industrial facility features 32-foot clear height, 200-foot truck courts, 106 dock-high doors and 149 trailer parking spaces. The property sold vacant, giving the buyer the ability to add value via leasing up the asset.
Its strategic position provides easy access to major highways and transportation networks, including I-95, Jimmy Deloach Parkway and I-16, facilitating seamless logistics and distribution across the region and beyond. Sitting roughly six miles from Georgia Port Authority’s Garden City Terminal, the property is well located for maximizing truck turns to the Port.
The JLL Capital Markets team was led by Senior Managing Directors Britton Burdette and Dennis Mitchell and Director Jim Freeman along with JLL’s Atlanta Agency Leasing team of Executive Managing Directors Bob Currie and Tim McCarthy.
“Savannah has been exhibiting exceptional absorption rates and tenant demand figures, ranking among the highest in the nation,” said Burdette. "This impressive performance is primarily driven by the rapid expansion of the port and the Hyundai plan. Consequently, we are observing robust demand for well-located assets in Savannah such as this property.”
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.
About JLL
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 111,000 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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About LBA Logistics
LBA Realty | LBA Logistics (“LBA”) is a full-service, vertically integrated real estate investment and management company headquartered in Irvine, California, U.S. with a diverse portfolio of industrial and office properties in major markets throughout the U.S. and U.K. LBA was founded in 1991 and is a privately held company with 255 global team members. LBA invests via closed-end real estate investment funds and joint venture partnerships on behalf of institutional investors including leading pensions funds, endowments, foundations, and foreign investors. LBA Logistics, the industrial operating arm of LBA Realty, operates a portfolio of industrial properties that total approximately 103M SF and is comprised of over 400 properties. LBA expanded to Europe in 2023 and is currently growing its U.K. logistics and industrial investment team and portfolio.