Key Takeaways
- • Prologis divested a 737,050-square-foot industrial portfolio in Savannah, Georgia, known as the Portside V Portfolio, for $75 million ($75.1 million in some reporting).
- • Sanders Equities acquired the five-building infill industrial collection, expanding its Savannah holdings to over 1 million square feet near the Port of Savannah.
- • The portfolio spans 52 acres and was sold through JLL Capital Markets, a major broker in institutional real estate transactions.
- • The transaction reflects continued institutional appetite for last-mile and port-proximate industrial assets in high-demand logistics corridors.
Summary
Prologis Inc., one of the world's largest logistics real estate operators, has completed the sale of its Portside V Portfolio in Savannah, Georgia, to Tampa-based Sanders Equities for $75 million. The asset collection comprises five infill industrial buildings totaling 737,050 square feet across 52 acres, strategically positioned near the Port of Savannah—a critical distribution hub for Southeast logistics operations.
JLL Capital Markets facilitated the transaction, leveraging its institutional relationships to connect the seller with a buyer positioned to consolidate port-proximate industrial assets. The sale marks a notable portfolio rationalization by Prologis, which maintains one of the largest logistics property portfolios globally. For Sanders Equities, the acquisition expands its concentrated Savannah position to over 1 million square feet, signaling confidence in the market's fundamentals and the strategic value of port-adjacent industrial real estate.
The Savannah industrial market has remained competitive among institutional investors seeking exposure to last-mile distribution networks and import/export logistics tied to major port operations. The Portside V transaction at approximately $102 per square foot reflects current market conditions for stabilized, leased infill industrial properties in premium logistics locations. Sanders Equities' decision to expand rather than consolidate indicates strong conviction in Savannah's supply-chain positioning and the region's secular growth drivers tied to e-commerce fulfillment and port-dependent manufacturing distribution.
JLL Capital Markets facilitated the transaction, leveraging its institutional relationships to connect the seller with a buyer positioned to consolidate port-proximate industrial assets. The sale marks a notable portfolio rationalization by Prologis, which maintains one of the largest logistics property portfolios globally. For Sanders Equities, the acquisition expands its concentrated Savannah position to over 1 million square feet, signaling confidence in the market's fundamentals and the strategic value of port-adjacent industrial real estate.
The Savannah industrial market has remained competitive among institutional investors seeking exposure to last-mile distribution networks and import/export logistics tied to major port operations. The Portside V transaction at approximately $102 per square foot reflects current market conditions for stabilized, leased infill industrial properties in premium logistics locations. Sanders Equities' decision to expand rather than consolidate indicates strong conviction in Savannah's supply-chain positioning and the region's secular growth drivers tied to e-commerce fulfillment and port-dependent manufacturing distribution.
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