CBRE has facilitated the purchase of a six-building industrial park in Jacksonville by IWH Capital from GF Florida for $35 million. This marks IWH Capital’s second acquisition in the market, and Kyle Fisher and Ben Stewart with CBRE Industrial & Logistics have been retained to market the property for lease.
IWH Capital is a family-owned real estate investment company run by brothers Adrian and Michael Haas that focuses on last-mile industrial facilities. The company currently owns more than three million square feet of industrial assets across the Mid-Atlantic, Midwest, and Southeast regions.
Commenting on this new acquisition, Managing Partner Michael Haas said: “We are excited as IWH continues to expand its footprint in Florida – small bay industrial assets are limited supply but tremendous demand exists here; we intend to capitalize on this subsect of the asset class that has great growth potential.”
