JLL secures financing and equity for Savannah 688K-SF industrial park

ATLANTA, Aug. 12, 2026 – JLL Capital Markets announced today the placement of $30.49 million in joint venture equity alongside $39.95 million in construction financing for Black Creek Commerce Center, a three-building, Class A industrial development in Black Creek, Georgia.

JLL worked on behalf of the developer, Xebec, to secure a construction loan through Seacoast Bank and to place the joint venture equity with a private investment group.

Scheduled to deliver in the third quarter of 2027, the 687,890-square-foot development will feature three state-of-the-art rear-load buildings spanning 219,170, 284,580 and 184,140 square feet. The facilities will offer 36-foot clear heights, Type II B construction, 50-foot-deep loading bays with 60-foot speed bays, 130-foot truck court depth, ESFR fire suppression systems and TPO roofing.

The development is strategically positioned with direct access to U.S. Highway 80, providing immediate connectivity to Interstate 16 and the broader Atlanta market. The site sits 6.9 miles from Hyundai's $7.6 billion Metaplant America facility and 28.3 miles from the Georgia Ports Authority's Garden City Terminal, which handled 5.7 million TEUs in fiscal year 2025.

This location offers convenient access to Savannah's major logistical thoroughfares, opening the gateway to the entire eastern seaboard and allowing tenants to reach 80% of the U.S. population within a two-day drive. Additionally, the project benefits from a robust labor pool with approximately 171,365 people within a 30-minute drive time, supported by the region's growing manufacturing and logistics employment base.

Black Creek Commerce Center represents Xebec's continued expansion in the Savannah market and reflects the company's focus on delivering high-performance facilities in key growth corridors. The developer holds a right of first refusal on Phase II, an adjacent 77-acre parcel, through April 2027.

"We appreciate the confidence our partners have placed in us to deliver impactful projects in this dynamic market," said Brooks King, Xebec’s SVP of Southeastern Region. "Black Creek Commerce Center leverages our team's deep market expertise and brings best-in-class site planning and building design to a prime location adjacent to Georgia's largest economic development project. We believe it will be a standout choice for industrial users seeking proximity to both the Hyundai Metaplant and the Port of Savannah."

The JLL Capital Markets team representing the developer was led by Managing Director Bobby Norwood and Senior Managing Director Mark Sixour along with Senior Managing Director Britton Burdette, and Managing Director Jim Freeman, Vice President Kelsey Bawcombe and Associate Austin Smith.

"Xebec's development addresses critical demand from automotive suppliers, retailers and logistics operators seeking high-quality industrial space in this thriving corridor," added Norwood. "The market-leading absorption and vacancy rates we're seeing in the Savannah West submarket confirm there's significant pent-up demand, particularly from companies supporting the transformative port expansion and manufacturing investments that have positioned Savannah as a global logistics leader. JLL is proud to have played a role in bringing this much-needed industrial space to fruition. With the recent injection of Open AI’s massive data center project in the market, we see this as another transformative demand driver for space in Savannah."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Xebec is a leading private industrial logistics real estate development and management firm with a 35-year logistics track record. Xebec’s vertically integrated and full-service platform provides real estate acquisition, development, ownership, financing, leasing, property management (principally through local third-party property managers), and real estate investment management services.

Since inception, Xebec has acquired and developed, redeveloped or repositioned industrial and logistics real estate projects totalling nearly 26.1 million square feet, and currently has 34 projects totalling approximately 11.4 million square feet in various stages of development.

Learn more about Xebec at https://xebecrealty.com/