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Florida & Gulf Coast  + Industrial  |  July 10, 2020
David Cohen
By: David Cohen

CushWake Arranges $58M Sale of Logistics Center in Ocala

Cushman & Wakefield has arranged the $58.4 million sale of Florida Crossroads Logistics Center, a 617,055-square-foot industrial facility in Ocala.

The recently built facility is situated on more than 46 acres and is fully leased on a long-term triple-net lease. The building features 36-foot clear heights, cross dock configuration, 52’ x 56’ column spacing, 200-foot deep truck court, up to 221 trailer parks, 120 dock door positions, full HVAC and ESFR sprinklers.

Mike Davis, Stewart Calhoun, Rick Brugge, Rick Colon and Casey Masters of Cushman & Wakefield represented the seller, a joint venture led by Red Rock Developments and Wharton Industrial, in the transaction. An affiliate of Lexington Realty Trust, an industrial real estate investment trust, acquired the property.

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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