Sanders Equities Acquires Savannah's Portside V Portfolio for $75.1M in JLL-Brokered Deal
ATLANTA, June 12, 2026 — Sanders Equities has acquired the Portside V Portfolio, a five-building infill industrial portfolio totaling 737,050 square feet in Savannah's Dean Forest submarket, for $75.1 million. JLL Capital Markets represented the seller, Prologis, in the transaction.
Portfolio Overview and Location
The Portside V Portfolio comprises five properties: 405 Expansion Rd., 190 Gulfstream Rd., 194 Gulfstream Rd., 198 Gulfstream Rd. and 318 Grange Rd. The buildings span 51.69 acres and are positioned between 0.5 and 3.6 miles from the Port of Savannah's Garden City Terminal, described in the announcement as "North America's largest single-terminal container facility". The properties offer direct access to Interstate 16 and Interstate 95.
The portfolio's physical specifications include clear heights ranging from 21 to 28 feet, 62 dock-high doors, eight drive-in doors and concrete truck courts measuring 109 to 162 feet in depth. Eighty percent of the properties include trailer parking or outdoor storage components. The portfolio is fully leased to five tenants operating in the logistics and distribution sectors.
Transaction Details and JLL's Role
JLL Capital Markets led the disposition on behalf of Prologis. The JLL team was led by Senior Managing Directors Britton Burdette and Dennis Mitchell and Managing Directors Jim Freeman and Maggie Dominguez.
"Prologis strategically divested irreplaceable infill assets in a market where rising land values and scarcity of developable parcels near the port have pushed replacement costs," said Burdette. "The portfolio's proximity to the Garden City Terminal positioned these properties as mission-critical logistics facilities that attracted significant buyer demand from investors recognizing the irreplaceable nature of port-adjacent industrial space."
Sanders Equities Expands Savannah Footprint
The acquisition marks an expansion for Sanders Equities in the Savannah market. According to the firm, the purchase pushes its Savannah holdings past one million square feet.
"The Portside V Portfolio is a landmark acquisition for Sanders Equities, pushing our Savannah holdings past one million square feet and reflecting our long-term conviction in this market," said Jordan Sanders, President of Sanders Equities. "Port-adjacent, infill industrial product in Savannah is increasingly difficult to replicate — rising land values and a shrinking development pipeline near the terminal make assets like these genuinely irreplaceable over the long term, and we see continued opportunity to grow in this market alongside our core New York portfolio. We'd like to credit the JLL Capital Markets team and Prologis for running a highly professional process — their execution made this a seamless transaction."
Sanders Equities is a privately held real estate investment and management firm that focuses on the acquisition, operation and long-term ownership of industrial and commercial properties along the East Coast, with a primary focus in the New York Tri-State area and Savannah, Georgia. The firm owns, manages and has interests in over 3 million square feet of real estate.
About the Firms
JLL (NYSE: JLL) is a global commercial real estate services and investment management company with annual revenue of $26.1 billion and operations in over 80 countries. The firm's Capital Markets group includes more than 3,000 specialists worldwide with offices in nearly 50 countries.