JLL arranges $115M financing for three Class A distribution centers in the Savannah industrial market

ATLANTA, Sept. 22, 2025 –  JLL Capital Markets announced today it has arranged $115 million in refinancing for RiverPort Buildings 5, 6 and 7, a three-building portfolio of newly constructed Class A distribution centers totaling 1,324,186 square feet in Hardeeville, South Carolina, within the Savannah, Georgia, industrial market.

JLL represented the borrower, North Signal Capital and EJF Capital LLC, to secure the loan through Synovus and City National Bank.

The state-of-the-art facilities, completed in 2023, are strategically positioned within the explosive Savannah industrial market, just 9.5 miles from the Georgia Ports Authority container terminal and 4.5 miles from Interstate 95. The portfolio represents three of 10 sites in the proven RiverPort Commerce Park and is currently 87 percent leased to a diverse tenant base, including logistics providers, consumer products distributors and security system manufacturers.

RiverPort 5 spans 130,436 square feet with a rear-loading configuration and features 34 dock-high doors with 32-foot clear heights. RiverPort 6 encompasses 402,491 square feet in a front-loading design with 94 dock-high doors and 36-foot clear heights. The largest facility, RiverPort 7, contains 791,259 square feet in a cross-dock configuration with 154 dock-high doors and 36-foot clear heights.

The JLL Capital Markets team was led by Managing Director Bobby Norwood, Senior Managing Director Mark Sixour, Vice President Kelsey Bawcombe and Associate Austin Smith.

"Savannah's emergence as the nation's top industrial market for net absorption creates exceptional opportunities for best-in-class assets like the RiverPort portfolio," said Norwood. "These state-of-the-art facilities, positioned just minutes from the second-largest East Coast port, exemplify the institutional-grade infrastructure driving unprecedented tenant demand across the market. The successful financing through Synovus underscores the strong capital markets appetite for premium industrial assets in this high-growth corridor."

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. 

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 $23.4 billion and operations in over 80 countries around the world, our more than 112,000 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.

North Signal Capital LLC is a real estate investment and development firm. North Signal seeks to maximize risk-adjusted returns by employing a value-based approach to real estate investing. North Signal targets investments supported by long-term secular trends. For more information regarding North Signal Capital LLC, please visit www.northsignal.com.

EJF Capital LLC is a global alternative asset management firm headquartered just outside of Washington, D.C., with an additional office in London. As of June 30, 2025, EJF manages approximately $5.5 billion, including $2.9 billion in CDO assets through affiliates. Since its founding in 2005 by Manny Friedman and Neal Wilson, the firm has focused on investment opportunities driven by regulatory change. EJF’s real estate platform, launched in 2018, focuses on ground-up development of multifamily and industrial properties and currently includes over $1.3 billion in active projects.  To learn more, please visit http://ejfcap.com and please read additional Risks and Limitations located here.

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $61 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. As of June 30, 2025, Synovus has 244 branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a Great Place to Work-Certified Company. Learn more about Synovus at synovus.com.

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $93 billion in assets as of July 31, 2025. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $106 billion in client investment assets. City National is dedicated to strengthening communities. In 2024 alone, the company made charitable contributions of nearly $10 million to nonprofits that support the communities it serves. For more information about City National, visit the company's website at cnb.com.

City National Bank Member FDIC.

*City National Bank does business in Miami and the state of Florida as CN Bank.