Prologis Sells Savannah Industrial Portfolio for $75M

June 15, 2026

The collection of assets spans 52 acres.

Sanders Equities has acquired a five-building infill industrial portfolio in Savannah, Ga., for $75.1 million. Prologis sold the 737,050-square-foot collection, known as the Portside V Portfolio, in a deal arranged by JLL Capital Markets.

The portfolio, which is on a total of nearly 52 acres, is fully leased to five tenants in the logistics and distribution sectors. The buildings date from the late 1990s to the late 2000s.

The portfolio includes 405 Expansion Rd., 190 Gulfstream Rd., 194 Gulfstream Rd., 198 Gulfstream Rd. and 318 Grange Rd. The properties are between a half mile and 3.6 miles from the Port of Savannah’s Garden City Terminal, which is North America’s largest single-terminal container facility.

The buildings feature clear heights from 21 to 28 feet, 62 dock-high doors, eight drive-in doors and truck courts measuring 109 feet to 162 feet. Four of the properties include trailer parking or outdoor storage components.

The privately held Sanders Equities specializes in the acquisition and long-term ownership of industrial and other commercial properties along the East Coast, especially in the New York tri-state area and Savannah. The firm has interests in over 3 million square feet of assets.

The JLL Capital Markets team that represented Prologis in the deal was led by Senior Managing Directors Britton Burdette and Dennis Mitchell and Managing Directors Jim Freeman and Maggie Dominguez.

Savannah’s active industrial market

The Savannah industrial market enjoyed 1.8 million square feet of net absorption during the first quarter of 2026, nearly double the previous quarter, according to JLL data. Leasing activity reached 2.3 million square feet across 10 deals, and vacancy came in at 9.8 percent, flat year-over-year.

In April, Crow Holdings Capital secured a $70.2 million refinancing loan for Terminal East, a 915,000-square-foot industrial campus in Savannah. The industrial asset came online in 2023 on a 71-acre site.

At the end of 2025, a joint venture between Transwestern Development Co. and Transwestern Investment Group started work on Buildings 5 and 6 at North Gate Industrial Park in Savannah The facilities will total 528,560 square feet on more than 30 acres.