Old Augusta Commerce Center Building 1

On behalf of Ownership, Jones Lang LaSalle America, Inc. (“JLL”) has been retained as the sales representative for Old Augusta Commerce Center Building 1 (the “Property”). This state-of-the art, Class A distribution facility spans 442,606 SF and is situated just 2.5 miles away from OpenAI’s recently announced $20 billion, 1,400-acre data center campus in Savannha, Georgia’s thriving industrial market. Additionally, just 10 miles away from Savannah’s Garden City Terminal and in close proximity to the key I-95 & Highway 21, the Property offers exceptional accessibility to Savannah’s major logistical thoroughfares.

The Property is fully leased with a remaining term of 6.2 years and annual escalations of 3.50%. The lease is guaranteed by Loctek Ergonomic Technology Corporation (SZSE: 300729, 2025 Rev $979.9M) – a prominent manufacturer of ergonomic desk solutions. Lecangs, a 3PL subsidiary of Loctek, operates within the building and provides warehousing and logistics services for Loctek.

Savannah’s industrial market fundamentals remain strongly tied to one of the nation’s most strategic logistics gateways, with the Port of Savannah coming off its second-busiest year on record. Across the Port’s full 2026 fiscal year (July 2025 - June 2026), Savannah handled 5.67M TEUs, just shy of the 5.7M recorded the previous year. Savannah remains one of the best-connected ports in the U.S., offering 40 weekly vessel calls and 42 double-stack trains per week. Strategically positioned at the intersection of Highway 21 and I-95, the market provides two-day truck access to approximately 80% of the U.S. population, while its best-in-class rail infrastructure enables containers to move from vessel to departing train in just 22 hours—among the fastest turnarounds of any major U.S. port.

Demand fundamentals remain strong, with Savannah recording 7.8 MSF of net absorption in 2025, ranking fourth nationally as a percentage of inventory. Momentum has carried into 2026, with Savannah ranking second nationally for annual absorption as a percentage of market inventory and active tenant requirements exceeding 25.1 MSF, further reinforcing the market’s sustained growth trajectory. Big-box users continue to drive leasing activity, with transactions exceeding 300,000 SF accounting for the majority of activity through Q2, led by a 1.1 MSF lease.