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3w ago

Affinius Funds $70.2 Million Refinance for Savannah’s Terminal East

The financing points to steady investor interest in port-linked warehousing in Savannah.

Terminal East in north Savannah comprises a 180,000-square-foot facility and a 735,000-square-foot building.

Overview

  • Affinius Capital originated a $70.2 million loan to refinance Terminal East, a two-building industrial campus in Savannah.
  • A fund advised by Crow Holdings Capital is the borrower, and JLL’s John Rose and Bobby Norwood arranged the deal.
  • The new loan retires a $57.1 million construction loan that Fifth Third Bank issued in 2023.
  • The campus totals 915,000 square feet with 32- and 36-foot clear heights, 231 trailer stalls, and 198 dock-high doors.
  • Aeronet occupies the entire 180,000-square-foot building, while Lineage leases 329,000 square feet in the larger facility near the I-95 and State Route 21 interchange.