Bixby Capital Management, a privately held real estate investment trust (REIT) with assets under management of nearly $2 billion, recently acquired two warehouses in the Crossroads Distribution Center located in Northwest Jacksonville. The purchase totaled 423,000 square feet and was sold by Link Logistics Real Estate, an affiliate of Blackstone.
The first property purchased by Bixby was Building No. 100 at 6590 Pritchard Road for $38.7 million through its subsidiary Bixby Land Co. This state-of-the-art warehouse spans over 297,000 square feet on a spacious lot of 75.25 acres and boasts impressive features such as high ceilings reaching up to 32 feet and ample parking space for up to197 vehicles.
In addition to this acquisition, Bixby also bought Building No.200 at6600 Pritchard Road for $14.8 million.This warehouse covers an area of126480-square-feetand sits on19 .95acresof land.It offers similar amenities as the first property including high ceilings measuring30feetand parking spacefor114vehicles.
JLL represented Link Logistics during this transaction which marks another successful venture for Bixby Capital Management in expanding their portfolio within the thriving Jacksonville market.
