Hines has acquired the Titusville Logistics Center from Reich Brothers for a total of $42.2 million. The building, which spans 247,069 square feet, is located at 7700 US-1 and was fully leased to various global and national tenants at the time of sale.
The facility boasts a modern design with dock-high and drive-in loading doors, as well as features such as 30-foot clear heights, tilt-wall construction, a spacious truck court measuring 130 feet in length and potential access to rail services. It is also one of the few Class A properties available in the Space Coast market area.
The property offers convenient access to major Florida highways and serves as an important link between the Space Coast region and its surrounding areas.
Cushman & Wakefield’s Mike Davis,Rick Colon,Rick Brugge,and Dominic Montazemi represented Hines in this transaction while working closely with Lightle Beckner Robison Inc.’s leasing team consisting of Mike Mossand Michael Moss II who are based in Space Coast. The new owners have retained their services for continued leasing efforts on this property.
Reich Brothers has recently sold Titusville Warehouse for $42.2 million to Hines.The warehouse covers an area of over 247 thousand square feet.It is situated at7700 US-1and was completely occupied by multiple global companies before being sold.The building boasts modern architecture featuring dock-high entrances,dock-in loading doors,a height clearance up-to thirty foot,two walls made out-of tilt wall construction,a large truck court spanning one hundred thirty foot,and even provision for railway connectivity.Titusville Logistics Center stands out among other properties due it’s premium class facilities withintheSpaceCoastmarket.It provides easy accessibilityto major roads across Florida,making it highly desirablefor businesses lookingto expand intotheSpaceCoastregion or nearby areas.Mike Davis,Rick Colon,Rick Brugge,and Dominic Montazemi from Cushman & Wakefield represented the buyer in this sale.They worked alongside Mike Moss and Michael Moss II,who are part of Lightle Beckner Robison Inc.’s leasing team based in Space Coast.The new owners have retained their services for continued leasing efforts on this property.
