Morgan Lakes Infill Logistics Portfolio

On behalf of the ownership, Jones Lang LaSalle America, Inc. (“JLL”) has been exclusively retained by the ownership as the sales representative for the Morgan Lakes Infill Logistics Portfolio. This infill portfolio comprises three (3) recently constructed buildings spanning 575,300 SF and two (2) trailer lots totaling +/- 12.4 AC that benefit from direct access to the Port of Savannah, North America’s largest single-terminal container facility, via Jimmy Deloach Parkway. With the Port only 9 miles away, or a 14-minute drive with only two truck-turns, the Portfolio boasts one of Savannah’s premier logistical locations.

The properties are located in the Dean Forest submarket – Savannah’s largest submarket which demonstrates a 4.4% vacancy rate and only 625K square feet under construction (less than 1% of existing inventory). The Portfolio is 100% leased with 4.6 years of weighted average lease term and offers a significant mark-to-market opportunity of 32%, providing substantial upside at a well-below replacement cost basis. With the Port only two truck turns away and strategically positioned within the highly sought-after Dean Forest submarket, the Morgan Lakes Infill Logistics Portfolio offers unmatched connectivity and stands among Savannah’s most premier industrial portfolios.