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Florida & Gulf Coast  + Industrial  |  January 1, 2021
David Cohen
By: David Cohen

CushWake Brokers Sale of 588K-SF Distribution Center in Jacksonville

Cushman & Wakefield has arranged the sale of Fanatics E-Commerce Distribution Center, two single tenant industrial buildings totaling 588,267 square feet in Jacksonville.

Located at 5245 Commonwealth Ave., the asset consists of a 560,688-square-foot single tenant warehouse occupied by Fanatics’ e-commerce headquarters and a 27,579-square-foot outparcel building occupied by Conlan Tire. The 28-acre industrial property features clear heights ranging from 20 to 30 feet, 52 dock-high entrances, 447 regular parking spaces, 20 handicap parking spaces and 46 tractor/trailer parking spaces.

Mike Davis, Rick Colon, Rick Brugge, Karl Johnston, Dominic Montazemi, Tyler Newman, Jacob Horsley, Zachary Eicholtz, Mark Hardee and Jordan Stenholm of Cushman & Wakefield represented the seller, IP Capital Partners, in the transaction. The buyer was DRA Advisors.

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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