JUNE 2026 MARKET MINUTE
Regional sales volume was up over 300% in June 2026 compared to May, boosted by large transactions across nearly every property type. From industrial to office to retail, the only sector not represented last month was the hospitality sector. But, spoiler alert, that is because the major hotel deal of the summer closed on July 1st — more on that in next month’s Market Minute.
National entities continued trading leased up properties in Savannah’s industrial sector. The largest single sale of the month was of the Shaw Distribution Center at 445 Northport Parkway, as mentioned in last month’s post. Brookfield Asset Management sold that asset, acquired through its purchase of Peakstone Realty Trust, for $69.95M to EQT Real Estate. Prologis also made big moves, selling a five-property portfolio along Gulfstream Road to Sanders Equities for $75.1M total.
Savannah saw its biggest office transaction of the year as Goodwill Industries bought 761 Wheaton Street from Forum Development & Management Services for $19.7M. The building is 110,330 square feet and currently houses the Georgia Division of Family and Children Services (DFCS). DFCS will consolidate their footprint and fulfill the remaining 13 years of a 20-year lease. Goodwill plans to occupy the bottom floors and turn the building into an Opportunity Campus. The campus will house twelve community partners together to support the nonprofit’s workforce development efforts.
DR Horton continues to buy land in the western portion of the region — its latest acquisition was in Rincon where it bought a shovel-ready, 150-lot townhouse project for nearly $15M from Baker Hill Partners, LLC. Further south, RREAF Holdings acquired the 300-unit Palms at Chatham in Garden City as a distressed asset, with plans to modernize and rebrand the community to Linden at Southover. RREAF paid $44.6M, or about $149,000 per unit.
Publix Super Markets scooped up Islands Towne Center on Whitemarsh Island for $18.67M. This move is aligned with the grocery chain’s recent real estate strategy across the southeast. It has spent over $400M in retail acquisitions since 2023.
For our foodie note of the month, we can report that the old Starland Cafe building on 41st Street sold for $760,000 to an owner-occupant with a non-restaurant use. Fear not, the legacy of good food on that block should continue as the team behind the former Cuban Window restaurant plans to open a new concept across the street soon.