Jones Lang LaSalle Inc. $(JLL)$ Capital Markets, in collaboration with McCraney Property Company, has successfully arranged an $84 million senior financing agreement for Phase I of the Logistics 16 at Ottawa Farms project in Savannah, Georgia. The financing, structured by JLL, involves a three-year, floating-rate loan provided by Truist. Phase I of the development, completed in 2024, features three front-load distribution centers and is currently 84.8% leased. This strategic initiative capitalizes on the robust industrial market in Savannah, offering proximity to the Georgia Port Authority and access to major Southeast markets. The JLL Capital Markets Debt Advisory team, led by Senior Managing Director Melissa Rose, played a key role in procuring this financing, underscoring JLL's expertise in delivering specialized capital solutions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.