EJF Capital, North Signal to Develop 510-Acre Industrial Park Near Port of Savannah

HARDEEVILLE, S.C. — EJF Capital LLC and North Signal Capital LLC have acquired a 510-acre site in Hardeeville to develop RiverPort Commerce Park. The property will house more than 4 million square feet of industrial space and is situated within a census-designated opportunity zone about 10 miles from the Port of Savannah. EJF will invest the majority of the equity required for the land purchase and initial building construction from the EJF OpZone Fund I LP. Construction on the first building, which is slated to be 139,000 square feet, will begin in a few months.