CBRE has arranged the sale of a 1,373,710-square-foot industrial portfolio in Jacksonville, FL. Dallas-based Hillwood Investment Properties purchased the portfolio from Invesco Real Estate. CBRE’s Jose Lobón, Trey Barry and Frank Fallon represented the seller in this transaction. The team was assisted by Royce Rose and Alain Bonvecchio as well as Ben Stewart of CBRE’s Industrial Advisory and Transaction Services group in Jacksonville.
The industrial portfolio consists of two Class A bulk cross dock distribution buildings located within Jacksonville’s Westside submarket that were 100% leased to two investment grade tenants at time of sale: Unilever occupying 772,210 square feet at 1200 Presidents Court; Keurig Dr Pepper occupying 601500 square feet at 2300 Pickettville Road. Both properties are strategically situated for regional distribution with nearby access to Interstates 295 10 & 95 providing convenient transportation routes for goods throughout Florida & beyond..
This latest acquisition marks another successful deal brokered by CBRE National Partners sales team who have extensive experience arranging large scale real estate transactions across multiple markets nationwide
