North Sign Capital and EJF Capital secured a $115 million refinancing word for a 1.3 million-square-foot industrial assortment spanning three amenities in Hardeeville, S.C. Synovus and Metropolis Nationwide Financial institution issued the funds in a deal organized by JLL Capital Markets.
This debt retires a earlier $75.1 million senior building mortgage originated by Financial institution OZK in 2023. The buildings got here on-line that very same 12 months and at the moment are 87 % leased.
The trio rises in RiverPort Commerce, a master-planned industrial growth that might embody practically 4.4 million sq. ft upon completion. The property is inside about 10 miles from the Port of Savannah, Ga., 4 miles from Interstate 95 and about 13 miles from Interstate 16.
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The biggest constructing spans 791,259 sq. ft, that includes a cross-dock configuration with 154 dock-high doorways and a transparent peak of 36 ft. The opposite two amenities embrace a 130,436-square-foot rear-load constructing and a front-load warehousing measuring 402,491 sq. ft.
JLL Capital Markets Managing Director Bobby Norwood, along with Senior Managing Director Mark Sixour, Vice President Kelsey Bawcombe and Affiliate Austin Smith represented North Sign and EJF within the debt negotiations.
Savannah’s industrial market efficiency
Metro Savannah led the nation for industrial absorption as a share of inventory throughout the first half of 2025, in accordance with a JLL report. Yr-to-date by June, the market noticed the absorption of greater than 4.2 million sq. ft.
In the meantime, the economic emptiness price throughout the metro jumped 160 foundation factors quarter-over-quarter, touchdown at 11.4 % in June, the report confirmed. This improve stems from new speculative industrial deliveries, which clocked in at 4.4 million throughout the second quarter.
Regardless of a heavy provide atmosphere, the market continues to point out secure tenant demand. The metro’s building pipeline is balanced, with future completions unfold evenly throughout the approaching 12 months, the report notes.
One other industrial financing closed out there in June, when Capital Improvement Companions obtained a $77.3 million building word for a three-building speculative undertaking. A life firm issued the funds.
