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Florida & Gulf Coast  + Industrial  |  November 21, 2019
David Cohen
By: David Cohen

Avison Young Negotiates $70M Sale-Leaseback of Ocala Distribution Center

Avison Young’s Florida Capital Markets Group has arranged the $70 million sale of the Transformco Distribution Center, a 1.9 million-square-foot industrial property in Ocala. The facility is Florida’s largest single-building industrial asset.

Located at 655 SW 52nd Ave., the property is Transformco’s main distribution center for the entire Southeast U.S. region supporting Sears, Kmart, and Hometown stores. After the sale, Transformco will continue to occupy the property.

Michael Fay, Jay Ziv, John Crotty, David Duckworth, Brian de la Fé, Berkley Bloodworth and Emily Brais of Avison Young negotiated the sale-leaseback on behalf of Transform Holdco. The buyer was national industrial real estate firm Reich Brothers, which specializes in manufacturing and distribution facilities across the U.S.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

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. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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