{"id":1004771451,"date":"2025-09-16T01:58:02","date_gmt":"2025-09-16T09:58:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004771451"},"modified":"2025-09-22T00:45:03","modified_gmt":"2025-09-22T08:45:03","slug":"dayton-sells-savannah-facility-for-72m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dayton-sells-savannah-facility-for-72m\/","title":{"rendered":"Dayton Sells Savannah Facility for $72M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a536de8040aa&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"881\" height=\"661\" data-attachment-id=\"1004771453\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/dayton-sells-savannah-facility-for-72m\/i-16-logistics-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/I-16-logistics-center.jpg\" data-orig-size=\"881,661\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"I-16 logistics center\" data-image-description=\"&lt;p&gt;https:\/\/www.citybiz.co\/article\/744711\/jll-secures-72m-sale-of-savannah-548k-sf-distribution-center\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The distribution center has 92 dock-high loading doors with 45 mechanical pit levelers and two drive-in doors. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/I-16-logistics-center.jpg?w=881\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/I-16-logistics-center.jpg\" alt=\"Exterior shot of I-16 Logistics Center, a distribution center in Ellabell, Ga.\" class=\"wp-image-1004771453\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/I-16-logistics-center.jpg 881w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/I-16-logistics-center.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/I-16-logistics-center.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 881px) 100vw, 881px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The distribution center has 92 dock-high loading doors with 45 mechanical pit levelers and two drive-in doors. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>A client advised by MetLife Investment Management purchased I-16 Logistics Center, a 548,818-square-foot distribution facility in Ellabell, Ga., a Savannah submarket. Dayton Street Partners sold the asset for $72 million. JLL Capital Markets brokered the deal.<\/p>\n\n\n\n<p>The developer completed the property in 2023 using funds from a $33.5 million construction loan originated by Old National Bank in 2022, according to Yardi Research Data.<\/p>\n\n\n\n<p>At the time of sale, the facility was fully leased to multiple tenants. In June, plastic automotive manufacturer Ecoplastic America expanded its footprint at the facility by 117,692 square feet.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/cre-pushes-toward-recovery\/\">CRE Pushes Toward Recovery<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Savannah\u2019s industrial vacancy rate at the end of the second quarter clocked in at 10.8 percent, according to a <a href=\"https:\/\/assets.cushmanwakefield.com\/-\/media\/cw\/marketbeat-pdfs\/2025\/q2\/us-reports\/industrial\/savannah_americas_alliance_marketbeat_industrial_q22025.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Cushman &amp; Wakefield report<\/a>. Demand for bulk warehouses is expected to pick back up, driving absorption of larger speculative facilities\u2014spanning more than 500,000 square feet\u2014which currently account for 41 percent of the vacant inventory.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-savannah-distribution-center\">A Savannah distribution center<\/h2>\n\n\n\n<p>Located on roughly 53 acres at 11900 Highway 280, the distribution center is 21 miles from Savannah\/Hilton Head International Airport and adjacent to the $5.5 billion Hyundai Motor Group EV Plant. Downtown Savannah is 25 miles away.<\/p>\n\n\n\n<p>The facility has 36-foot clear heights, 185-foot truck courts, as well as 112 trailer parking spaces and 298 auto parking spots. Additionally, the building features 92 dock-high loading doors with 45 mechanical pit levelers and two drive-in doors.<\/p>\n\n\n\n<p>JLL Capital Markets Senior Managing Directors Britton Burdette and Dennis Mitchell, along with Managing Directors Jim Freeman, Bobby Norwood and Maggie Dominguez, led the team that represented the seller.<\/p>\n\n\n\n<p>Earlier this year, clients advised by MetLife Investment Management, in partnership with Trammell Crow Co., <a href=\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-metlife-deliver-2-3-msf-of-warehouse-space\/\">completed three speculative warehouses<\/a> near the Port of Savannah. The facilities total 2.3 million square feet and represent the first phase of Coastal Trade Center, set to include three more structures spanning 2.4 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property came online in 2023.<\/p>\n","protected":false},"author":3355,"featured_media":1004771453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,32781],"tags":[38445,32796,44078],"class_list":["post-1004771451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-southeast","tag-dayton-street-partners","tag-jll","tag-metlife-investment-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dayton Sells Savannah Facility for $72M - 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