Truist has provided $84 million of financing against the first phase of Logistics 16 at Ottawa Farms, a 1.01 million-square-foot industrial property in Savannah, Ga. The three-year loan, arranged by JLL Capital Markets, allowed the property’s developer and owner, McCraney Property Co., to retire $62.83 million of construction financing that JLL had arranged in 2022. […]

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