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JV Acquires Fully-Leased Small-Bay Distribution Center
CBRE has facilitated the off-market sale of eight-building small-bay Airport Industrial Park in Jacksonville to a joint venture between East Capital Partners and Tramview Capital Management. The property, consisting of 230,000 rentable square feet was sold by BRC Florida Holdings LLC and was fully leased at the time of the sale.
Ben Stewart and Kyle Fisher with CBRE Industrial & Logistics represented the buyer.
“We are excited to partner with Tramview Capital Management on another off-market deal as we expand into the small-bay industrial space, one which we find especially compelling given Jacksonville’s sound fundamentals and strong projected growth in the long term,” said East Capital Partners Co-Founder David Archibald. “The property offers an attractive basis, below-market rents, and development potential on excess land.”
Located at 14476 Duval Place W., the property is near the interchange of Interstates 95 and 295, and within 10 minutes of Jacksonville International Airport.
- ◦Sale/Acquisition
