CBRE facilitated the off-market sale of a 230,000 rentable square foot eight-building Airport Industrial Park in Jacksonville to a joint venture between East Capital Partners and Tramview Capital Management. The property was sold by BRC Florida Holdings LLC and was fully leased at the time of sale. Ben Stewart and Kyle Fisher with CBRE Industrial & Logistics represented the buyer.
David Archibald, Co-Founder of East Capital Partners commented on their partnership with Tramview: “We are delighted to collaborate on another off-market deal as we expand into small bay industrial space which offers great potential due to Jacksonville’s sound fundamentals and long term growth prospects. The property provides an attractive basis, below market rents, plus development opportunities for excess land.”
Located at 14476 Duval Place W., this distribution center is close to Interstates 95/295 interchange as well as within 10 minutes from Jacksonville International Airport.
