Key Takeaways
- • Stockbridge Capital Group acquired NFI Distribution Center Savannah, a 1,026,606-square-foot Class-A distribution facility in Rincon, Georgia, completed in 2022, from a joint venture between Becknell Industrial and Goldman Sachs Alternatives' real estate arm.
- • The asset is fully leased to National Distribution Centers (NFI), a major subsidiary of NFI Industries, providing long-term tenant stability and income predictability for the new owner.
- • The facility's strategic positioning 10.7 miles from Georgia Ports Authority's Garden City Terminal and 4.9 miles from Interstate 95 positions it as a critical logistics asset in one of the nation's fastest-growing industrial markets.
- • Savannah's industrial market posted net absorption of 2.8 million square feet in Q1 2025, ranking first nationally as a percentage of inventory, driven by record port cargo volumes and infrastructure improvements.
- • JLL Capital Markets brokered the transaction, with the property situated in Old Augusta Commerce Center, a master-planned 4.7-million-square-foot industrial park across six buildings.
Summary
Stockbridge Capital Group has acquired the NFI Distribution Center Savannah, a 1,026,606-square-foot Class-A distribution facility located in Rincon, Georgia. JLL Capital Markets announced the sale on June 30, 2025, representing the seller—a joint venture between Becknell Industrial and Real Estate at Goldman Sachs Alternatives—in the transaction with Stockbridge as the buyer.
Completed in 2022, the cross-dock facility represents a modern, purpose-built logistics asset with institutional-grade specifications. The property features 40-foot clear heights, 190-foot truck courts, 270 trailer parking spaces (expandable to 307), and 102 dock levelers. Critically, the facility is fully leased to National Distribution Centers, LLC, operating as NFI, which is a major subsidiary of NFI Industries. This long-term lease structure provides significant cash flow stability for Stockbridge.
The asset's location within the Savannah logistics corridor underscores its strategic value for institutional real estate investors. Positioned at 1200 Logistics Parkway in Rincon, the distribution center sits 10.7 miles from the Georgia Ports Authority's Garden City Terminal and 4.9 miles from Interstate 95, providing exceptional connectivity to major transportation routes and national supply chains. The property is part of Old Augusta Commerce Center, a master-planned industrial park designed to ultimately accommodate 4.7 million square feet of industrial space across six buildings.
The transaction reflects strong institutional investor appetite for Savannah industrial assets, particularly those with long-term tenant commitments. According to JLL Capital Markets leadership, Savannah's industrial market continues robust growth momentum, with net absorption reaching 2.8 million square feet in the first quarter of 2025—ranking the market first nationally as a percentage of inventory. This performance has been fueled by record cargo volumes at the Port of Savannah, extensive infrastructure improvements, and superior logistical connectivity, making the region a compelling long-term investment destination for institutional capital.
Completed in 2022, the cross-dock facility represents a modern, purpose-built logistics asset with institutional-grade specifications. The property features 40-foot clear heights, 190-foot truck courts, 270 trailer parking spaces (expandable to 307), and 102 dock levelers. Critically, the facility is fully leased to National Distribution Centers, LLC, operating as NFI, which is a major subsidiary of NFI Industries. This long-term lease structure provides significant cash flow stability for Stockbridge.
The asset's location within the Savannah logistics corridor underscores its strategic value for institutional real estate investors. Positioned at 1200 Logistics Parkway in Rincon, the distribution center sits 10.7 miles from the Georgia Ports Authority's Garden City Terminal and 4.9 miles from Interstate 95, providing exceptional connectivity to major transportation routes and national supply chains. The property is part of Old Augusta Commerce Center, a master-planned industrial park designed to ultimately accommodate 4.7 million square feet of industrial space across six buildings.
The transaction reflects strong institutional investor appetite for Savannah industrial assets, particularly those with long-term tenant commitments. According to JLL Capital Markets leadership, Savannah's industrial market continues robust growth momentum, with net absorption reaching 2.8 million square feet in the first quarter of 2025—ranking the market first nationally as a percentage of inventory. This performance has been fueled by record cargo volumes at the Port of Savannah, extensive infrastructure improvements, and superior logistical connectivity, making the region a compelling long-term investment destination for institutional capital.
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