Crow Holdings Lands $70M for Savannah Facility
The property came online in 2023.
Crow Holdings Capital has secured a $70.2 million refinancing loan for Terminal East, a 915,000-square-foot industrial campus in Savannah, Ga. Affinius Capital originated the note in a transaction arranged by JLL.
The loan retires a previous $57.1 million construction loan issued by Fifth Third Bank in 2023, according to Yardi Matrix data.
The industrial complex came online in 2023 on a 71-acre site. Terminal East features two buildings spanning 180,000 and 735,000 square feet, respectively. The facilities boast 32- and 36-foot clear heights and comprise a total of 231 trailer stalls and 198 dock-high doors. Aeronet occupies the entire 180,000-square-foot building, while Lineage occupies 329,000 square feet of the other facility.
The property is near the interchange between Interstate 95 and Georgia State Route 21. Port of Savannah and the Hilton Head International Airport are within an 8-mile radius. Downtown Savannah is 11 miles southeast.
JLL Senior Managing Director John Rose and Managing Director Bobby Norwood arranged the financing.
Southeast seizes industrial momentum
The Southeast region is home to several emerging industrial markets such as Columbia, S.C., Charleston, S.C., and Wilmington, N.C. Together, the three metros boast more than 147 million square feet of industrial space.
In December 2025, Crow Holdings partnered with Buchanan Capital Partners to develop Rock Creek Center, a 423,852-square-foot industrial development in Whitsett, N.C. The joint venture expects to deliver the project in the first quarter of 2027.
You must be logged in to post a comment.