A joint venture backed by EJF Capital and North Signal Capital has purchased a 510-acre multi-phased industrial complex in western Jasper County, S.C. It is in an opportunity zone. Located in Hardeeville, S.C., the complex will service the Port of Savannah and surrounding areas, and will be known as RiverPort Commerce Park.
The development will provide jobs for the community.
“The construction of more than 4 million square feet of industrial space at Riverport will not only create temporary jobs, it will seed the businesses that will locate in these industrial buildings and create permanent jobs, both direct and indirect, in Jasper County,” said Jasper County council chairman Tom Johnson.
EJF will invest the majority of the equity required for the land purchase and initial building construction from the EJF OpZone Fund I LP, an investment vehicle formed in 2018 that exclusively invests in construction projects in opportunity zones. North Signal will manage t
