News release

$113M sale of two Class A distribution facilities in Savannah closes

JLL Capital Markets closed the sale of Coastal Commerce Center to Stream Realty Partners

October 20, 2022

Kristen Murphy

Capital Markets, Hotels & Hospitality and Value & Risk Advisory PR
+1 617 848 1572

ATLANTA, October 20, 2022 – JLL Capital Markets announced today that it has closed the $113 million sale of Coastal Commerce Center, two Class A distribution facilities totaling 826,250 square feet in Savannah, Georgia.

JLL represented the seller, a joint venture between AEW Capital Management and Strategic Real Estate Partners, in the sale to Stream Realty Partners LP.

Coastal Commerce Center comprises two fully leased distribution facilities offering 130’-185’ truck courts, 204 trailer parking spaces and 398 auto parking spots. Building A is a 462,000-square-foot cross-dock building with 36’ clear heights leased by Performance Team, LLC. Building B is a 364,250-square-foot rear-load building with 32’ clear heights leased by IDC Logistics, Inc.

The property boasts approximately 3,000 linear feet of prime frontage on Interstate 16 with direct access to I-95, I-516 and Pooler Parkway, the buildings provide direct connectivity to Savannah’s Garden City Terminal via a signalized intersection at Dean Forest Road. Coastal Commerce Center is located at 1514 Old Dean Forest Road putting the buildings six miles from Garden City Terminal and seven miles from Savannah Hilton Head International Airport.

Coastal Commerce Center benefits from its position within the Garden City Terminal, the single largest and fastest-growing container terminal in America, growing cargo volumes by 20% year-over-year. With $3.2 billion to be invested over the next decade, the Port of Savannah’s rapid expansion will continue to drive explosive industrial fundamentals. Savannah ranks as one of the best industrial markets in the country with the lowest vacancy rate in the nation at 0.5% and one of the highest amounts of tracked tenant demand at 30 million square feet. This has led to explosive rental rate growth in the market (25.3% YOY) which is projected to continue. The market has a robust pipeline to keep up with tenant demand, however, 47% of new construction is already pre-leased or in negotiations.

The JLL Capital Markets Industrial team representing the seller was led by Senior Managing Directors Britton Burdette, Dennis Mitchell and Matt Wirth, Director Mitchell Townsend and Associate Jim Freeman.

“Savanah is a rapidly growing industrial market that is posting some of the best numbers in the country currently,” said Burdette. “This market strength along with the offering's best-of-market location helped to drive very strong interest from buyers. The outlook for the Savannah industrial market is excellently and should drive growth in value for quality assets such as this going forward."

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.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About AEW Capital Management

For over 40 years, AEW Capital Management, L.P. (AEW) has provided real estate investment management services to investors worldwide.   One of the world’s leading real estate investment advisors, AEW and its affiliates manage $94.8 billion of property and securities in North America, Europe and Asia (as of March 31, 2022)[1].  Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum.  AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Düsseldorf, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in seven European cities.  For more information please visit

[1] Gross asset value as of March 31, 2022. Total AEW AUM of $94.8 billion includes $43.9 billion in assets managed by AEW Europe SA and its affiliates and $259 million in advisory/subadvisory, wrap and other accounts for which AEW Capital Management provides only a model portfolio. 

About Strategic Real Estate Partners

Founded in 2019, Strategic Real Estate Partners brings over 40 years and $1 billion of commercial real estate transaction experience to the Atlanta, Savannah, and Southeast real estate markets. Headquartered in Atlanta, Georgia, SREP focuses on advising local, national, and international owners and users of industrial properties on a wide range of transactions, including Tenant Representation, Landlord Representation, Acquisitions & Dispositions, Site Selection and much more.

About Stream Realty Partners LP

Stream Realty Partners is a full-service commercial real estate firm with integrated offerings in leasing, property management, tenant representation, development, construction management, investment sales and investment management services. Headquartered in Dallas, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, the company has grown to a staff of more than 1,200 professionals with offices in Atlanta, Austin, the Carolinas, Chicago, Dallas, Denver, Fort Worth, Houston, Greater Los Angeles, Nashville, Northern Virginia, Phoenix, San Antonio and Washington, D.C. Stream completes more than $5.8 billion in real estate transactions annually and has realized more than 100 investments, totaling over 25 million square feet, in mixed-use office and industrial. Visit