INDUS Realty Trust has acquired a newly completed industrial facility spanning 550,000 square feet. The property is located at 1511 Zoo Parkway in Jacksonville and serves as the distribution center for Dublin-based clothing retailer Primark. VanTrust Real Estate was the seller of this project.
The Conlan Co., which obtained a permit for tenant improvements to be made at Imeson Park South building, will oversee the project for Primark with an estimated cost of $14.5 million. In June 2022, another permit was issued by the city to The Conlan Co., this time to construct a speculative building costing $25.9 million.
The state-of-the-art distribution center boasts impressive features such as clear heights of up to 40 feet, 99 dock-high doors, four drive-in doors and parking space for up to175 trailers.The warehouse has been operational since earlier this year and marks Primark’s second distribution center in the U.S.
JLL represented VanTrust in this transaction with John Huguenard,Luis Castillo,Cody Brais,and Taylor Osborne leading their Capital Markets Investment Sales and Advisory team.
