Sanders pays $75M for Savannah port-adjacent IOS signal
Sanders Equities acquired a $75.1 million Savannah industrial portfolio where most assets carry trailer parking or outdoor-storage functionality, giving the market a fresh port-adjacent scarcity comp. This issue also tracks a Los Angeles IOS sale, two newly surfaced truck-terminal listings, and…
🔥 The Headliner: $75.1M Savannah port-adjacent portfolio
Sanders Equities acquired a five-building Savannah industrial portfolio for $75.1 million. The assets total 737,050 square feet across 51.69 acres and sit within 3.6 miles of the Garden City Terminal.
The IOS signal is the land utility: 80 percent of the properties include trailer parking or outdoor-storage components in one of the country's most land-constrained port submarkets.
- Purchase Price: $75.1 million
- Property: Portside V Portfolio, Savannah, GA
- Site: 51.69 acres | 737,050 SF
- Seller: Prologis
- Buyer Lead: Jordan Sanders, President, Sanders Equities
- Seller Lead: Not yet disclosed
- Broker / Deal Team: Britton Burdette, Dennis Mitchell, Jim Freeman, and Maggie Dominguez, JLL Capital Markets
Portfolio Breakdown
- Savannah, GA: 405 Expansion Rd., 190 Gulfstream Rd., 194 Gulfstream Rd., 198 Gulfstream Rd., and 318 Grange Rd.
- Submarket: Dean Forest
- Total: 737,050 SF across 51.69 acres
- Positioning: Between 0.5 and 3.6 miles from the Garden City Terminal
🔥 Other Deals That Closed (June 12-15)
DEAL #2: Los Angeles, CA
Lift Partners bought a roughly 3.7-acre industrial outdoor storage site at 4500 York Boulevard in Highland Park for $14.5 million. The site sits near the Sparkletts water bottling facility, giving the buyer an infill Northeast Los Angeles yard position in a market where functional industrial land remains difficult to replace.
- Property: 4500 York Boulevard, Los Angeles, CA
- Site: Approximately 3.7 acres
- Improvements: Industrial outdoor storage site
- Price: $14.5 million
- Key Features: Infill Highland Park location, roughly 161,000 square feet of land, and IOS functionality in a high-barrier Northeast Los Angeles submarket
- Buyer Lead: Patrick Fisher and Michael Murray, Lift Partners
- Broker / Deal Team: Michael Bogle, CBRE
📌 Active IOS Listings (Newly Circulating)
Salt Lake City, UT: 2410 Constitution Boulevard
- Site: 32.38 acres | 128,966 SF
- Features: 118 dock-high openings, 320 trailer stalls, two 40,000-gallon above-ground diesel tanks, truck maintenance shop, and fully fenced site
- Rate: Not disclosed
- Brokers: Newmark team, specific contacts not yet disclosed
Indianapolis, IN: 3747 W Morris Street
- Availability: 9,600 SF currently available within a larger 34,800 SF heavy industrial facility
- Features: 20 dock doors, cross-dock functionality, I-4 heavy industrial zoning, and immediate access to I-70
- Rate: Not disclosed
- Brokers: Cam Kucic, Colliers
Indianapolis, IN: 3510 Sam Jones Expressway
- Availability: 10,815 SF maintenance facility for lease
- Features: Infill site zoned for industrial outdoor storage with immediate availability
- Rate: Not disclosed
- Brokers: Jeorge Manley and Billy Powers, Colliers
🏗️ Adjacent Industrial (IOS-Relevant)
Triad 820 completes in Haltom City with secured-yard design
Creation completed Triad 820, a three-building, 137,000-square-foot industrial project in Haltom City, Texas. The project includes 28-foot clear heights, 125-foot truck courts, EV charging stations, and a secured yard, reinforcing how yard utility is being designed into new small- and mid-bay industrial product.
- Developer: Creation
- Leasing Agent: NAI Robert Lynn, specific individual brokers not yet disclosed
- Architect / GC: LGE Design Build
📈 Operating Context
Managed transportation outlook points to tighter capacity
Updated freight-market commentary is pointing to continued carrier-capacity exits and improving demand conditions. For IOS owners, that matters because tighter networks usually reward yards that can support trailer staging, maintenance, short-term parking, and rapid repositioning near dense logistics corridors.
Practical takeaway: Functional truck courts, fenced yards, trailer count, and highway access remain the underwriting variables to watch.