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TruCore Industrial Acquires Industrial Park in Florida
Tulsa-based TruCore Industrial, formerly TruCore Investments, has acquired a value-add industrial portfolio, comprising three industrial properties within the Ellyson Industrial Park in Pensacola, Florida.
The infill industrial park was sourced off-market through a broker relationship. The 118,353-square-foot portfolio spans 10 acres and is currently leased to three national tenants, including 1-800-Pack-Rat, DHL, and Hy-Lite.“We are excited about the long-term potential of this portfolio and the strong fundamentals of the Pensacola industrial market,” said Zach Harris, Partner and Managing Director of TruCore Industrial. “With very low vacancy and virtually no new supply, this acquisition offers compelling value.”
The portfolio is strategically located in the Florida Panhandle’s economic hub, which is fully stabilized with very little remaining land available for new development. Pensacola delivers accessibility for tenants’ supply chain routes via Interstate 10 and is bolstered by a $7.8 billion military-driven economy. The site includes extra acreage, providing flexibility for future expansion or use as industrial outdoor storage.
