**McCraney Secures $84M Financing for Savannah Industrial Project**
McCraney Property Company has secured an $84 million loan for Phase I of Logistics 16 at Ottawa Farms, a 1,007,800-square-foot, Class A industrial development located in Savannah, Georgia.
The financing, arranged by JLL’s Melissa Rose, Michael DiCosimo, and Nicole Barba, includes a three-year, floating-rate loan provided by Truist.
Phase I, developed and delivered by McCraney in 2024, is currently 84.8% leased. At full buildout, the entire development will comprise nine buildings totaling more than 4.4 million square feet of high-quality industrial space.
Strategically located approximately 16 miles from the Georgia Port Authority, the project offers direct access to the largest single-container facility in North America. This port is also the second-busiest and fastest-growing in the United States, making the location highly attractive for logistics and distribution operations.
Since its establishment in 1989, McCraney Property Company has focused on the development of e-commerce fulfillment and distribution facilities across key markets in Florida, Georgia, North Carolina, and South Carolina.
