Fully Leased Jax Warehouse Acquired by Nuveen

Brennan Investment Group offloaded a nearly 200,000-square-foot Northwest Jacksonville distribution center. A Nuveen affiliate paid $21 million for the building at 4925 Bulls Bay Highway, which is 100% leased to dental and medical supply distribution Henry Schein. Built in 2006, the facility is close to another building occupied by Henry Schein at 8691 Jesse B Smith Ct.

JLL’s Cody Brais, Luis Castillo, Taylor Osborne and David Orta Jr. were part of the JLL Capital Markets team facilitating the transaction. (photo courtesy Jacksonville Daily Record)

Brais said, “Jacksonville’s industrial market continues to outperform with sustained rent growth and low vacancy, which was further complemented by the stability of a Fortune 500 tenant and the upside potential of future expansion on excess land with this offering.”