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Florida & Gulf Coast  + Central Florida  + Industrial  | 
Emerald Creek Capital has sold a single-tenant industrial facility in Elkton, FL for $21.9 million.

Emerald Creek Capital Releases Fully Leased, 247K-SF Warehouse in Elkton for $22M

Emerald Creek Capital has sold a single-tenant, climate-controlled industrial facility in Elkton, FL for $21.9 million in an off-market transaction.

ECC’s Opportunity Fund had acquired the 246,818 square foot warehouse at an attractive basis in partnership with a vertically integrated operator that owns and manages over 10 million square feet of industrial real estate.

The 246,818 square foot. Class A warehouse is comprised of 10% cold storage space and is 100% leased through June 2025 to KeHe Distributors. The asset also features land to expand the building by 100,000 square feet.

The facility has immediate access to Interstate 95 and proximity to Interstate 295. The property is located 25 miles south of Jacksonville.

“Secular tailwinds in consumer buying patterns and the growth of e-commerce continue to drive tenant demand for warehouse and distribution space, both nationwide and in the greater Jacksonville market,” said Christian Galanti, ECCOF managing director and co-head of acquisitions.

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Inside The Story

Emerald Creek Capital's Galanti

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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