Sanders Equity has completed the acquisition of a five-building industrial portfolio in Savannah from Prologis for $75.1 million. The portfolio totals 737,050 square feet and is fully leased to five tenants focused on logistics and distribution uses. The transaction keeps the properties in institutional hands while maintaining a stable, income-producing rent roll across a diversified tenant base.
The assets in the portfolio are located at 405 Expansion Rd., 190 Gulfstream Rd., 194 Gulfstream Rd., 198 Gulfstream Rd. and 318 Grange Rd. in Savannah. According to the parties, the buildings are situated between 0.5 miles and 3.6 miles from the Port of Savannah’s Garden City Terminal, described as North America’s largest single-terminal container facility. The locations provide direct access to Interstate 16, Interstate 95 and port infrastructure, positioning the properties to serve regional and national distribution needs.
Across the five buildings, the portfolio spans 51.69 acres and includes modern industrial features for logistics and warehouse users. Clear heights range from 21 to 28 feet, allowing for efficient racking and storage configurations. The properties are equipped with 62 dock-high doors and eight drive-in doors, supporting a mix of trailer, container and smaller truck access. Concrete truck courts range from 109 feet to 162 feet in depth, designed to accommodate maneuvering and loading operations.
The portfolio also offers additional functionality through outdoor areas that support logistics operations. The source notes that 80% of the properties include trailer parking or outdoor storage, providing tenants with on-site space for equipment, containers or overflow inventory. Combined with proximity to the Garden City Terminal, these features align the portfolio with the needs of port-oriented distribution and transload users.
On the capital markets side, Prologis engaged JLL Capital Markets to represent the seller in the disposition. The JLL Capital Markets team leading the assignment consisted of Britton Burdette, Dennis Mitchell, Jim Freeman and Maggie Dominguez. The transaction reflects continued activity in the industrial investment sales market for fully leased, port-adjacent assets, with Sanders Equity expanding its presence in the Savannah industrial corridor through this acquisition.
