Cushman & Wakefield has arranged the $40.6 million sale of the Northeast Florida Industrial Center, a 782,025-square-foot warehouse and distribution center in Jacksonville.
Located at 4627 J.P. Hall Blvd., the property is nearby the First Coast Expressway in one of Florida’s premier regional distribution hubs. The center is currently 83% leased and includes cold storage as well as clear heights of 30 feet, 140 dock-high loading doors, 11 grade drive-in doors and interior enclosed rail access.
Mike Davis, Rick Brugge, Rick Colon, Karl Johnston and Dominic Montazemi of Cushman & Wakefield represented the seller, Real Capital Solutions, in the transaction. Green Cove Springs Distribution Center LLC acquired the property. In addition, Cushman & Wakefield’s Equity, Debt and Structured Finance Team secured a $27 million non-recourse loan for the buyer from CIT Bank. The loan provides funding for both the acquisition and future capital and leasing costs.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.