JLL secures financing and equity for Savannah 688K-SF industrial park
United States, Aug. 13 -- JLL Capital Markets announced the placement of $30.49 million in joint venture equity alongside $39.95 million in construction financing for Black Creek Commerce Center, a three-building, Class A industrial development in Black Creek, Georgia.JLL worked on behalf of the developer, Xebec, to secure a construction loan through Seacoast Bank and to place the joint venture equity with a private investment group.Scheduled to deliver in the third quarter of 2027, the 687,890-square-foot development will feature three state-of-the-art rear-load buildings spanning 219,170, 284,580 and 184,140 square feet. The facilities will offer 36-foot clear heights, Type II B construction, 50-foot-deep loading bays with 60-foot speed b...
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