 |
Hanon Systems Alabama, Corp., a subsidiary
of Hanon Systems and a full-line thermal
and energy management solutions provider. |
ATLANTA,
GA -- JLL Capital Markets announced the sale and acquisition financing
secured for 8540 Zell Miller Road – a fully occupied Class A light
manufacturing and distribution facility in Statesboro, Georgia, an extension of
the established Savannah, GA industrial market. Financial details were
not disclosed.
 |
Bobby
Norwood
|
JLL
represented the seller, a partnership between Graham Capital and Chesterfield,
while Spaulding & Slye Investments acquired the property. JLL also arranged
the acquisition financing with Seacoast Bank on behalf of the new owner.
The
JLL Investment Sales and Advisory team was led by Directors Jim Freeman
and Anthony Walters, Senior Managing Directors Britton Burdette,
Dennis Mitchell and Matt Wirth and Associate Bo Osgood. The JLL Debt
Advisory team was spearheaded by Senior Director Bobby Norwood and
Senior Managing Director Mark Sixour.
“Savannah's
industrial market is experiencing exceptional growth, driven by record-high
cargo volumes at the Port and new operations entering the market to supply the
Hyundai Metaplant,” said Freeman.
 |
| Jim Freeman |
“The market has seen strong fundamentals and rental
rate growth over the past two years and boasts one of the highest levels of
tracked tenant demand as a percentage of inventory in the country.”
The
property is strategically located 1.1 miles from Highway 301, 7.2 miles from
I-16 and 34.9 miles from the Hyundai Metaplant, positioning it to serve both
the Metaplant and the broader Savannah market.
Spanning
112,011 square feet, the institutionally designed facility features a
32-foot clear height, multi-sided loading, 11 dock-high doors, 2 drive-in doors
and 14,880 square feet of office space. It is 100% leased to Hanon Systems
Alabama, Corp., a subsidiary of Hanon Systems and a full-line thermal and
energy management solutions provider.
 |
Anthony Walters
|
Completed
in April 2024, this build-to-suit project was designed for assembling HVAC
products, radiators, condensers, heat exchangers and battery heating and
cooling products for automobiles, primarily serving the nearby Hyundai
Metaplant.
The lease includes two expansion options for the tenant: a first
option of 68,000 square feet and a second option of 145,600 square feet.
JLL
Capital Markets is a full-service global provider of capital solutions for real
estate investors and occupiers.
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment sales and advisory, debt advisory, equity advisory or a
recapitalization. The firm has more than 3,000 Capital Markets specialists
worldwide with offices in nearly 50 countries.
For
more news, videos and research resources, please visit JLL’s newsroom.
 |
| Britton Burdette |
Graham Capital is a real estate
investment company based in Birmingham, Alabama, focused on the acquisition and
development of highly functional distribution centers in high-growth
Southeastern industrial markets, which continue to experience above-market rent
growth, high barriers to entry, and the deepest demand among institutional
investors.
About Chesterfield
Chesterfield specializes
in the development of class A industrial, manufacturing, and office projects
throughout the southeastern United States.
In each phase of the development
process, we utilize our extensive experience to assist our clients in
minimizing risk and maximizing value through cost controls, efficient
scheduling, selection of the right design and constructio
 |
| Dennis Mitchell |
About Spaulding & Slye Investments
Founded
in Boston in 1966, Spaulding & Slye Investments (“SSI”) has grown from a
venerable East Coast real estate company into a prominent national investment
and advisory firm, with approximately 4.5 million SF of development and
operating assets under management.
SSI is dedicated to achieving
superior risk-adjusted returns and creative capital solutions for our investors
and clients, through opportunities in the country's most dynamic real estate
markets. In addition to principal investment, SSI provides a range of tailored, integrated services to meet today’s
CRE ownership challenges.
 |
| Matt Wirth |
About Seacoast Bank
Seacoast Banking Corporation of Florida (NASDAQ: SBCF) is one of the largest community banks headquartered in Florida, with approximately $14.8 billion in assets and $12 billion in deposits as of March 31, 2024.
Seacoast provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services to customers at 77 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida.
 |
| Bo Osgood |
About JLL
 |
| Mark Sixour |
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise.
Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
CONTACT:
Grace Lewis
JLL Hotels & Hospitality and Capital Markets PR
2401 Cedar Springs Rd.
Dallas, Texas 75201
M +1 903 520 3478
https://www.graham-capital.com/
www.ssinvests.com.
www.SeacoastBanking.com.
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