**Savlan Capital Acquires Seven-Warehouse Portfolio in Jacksonville for $52 Million**
A Hollywood, Florida-based industrial real estate investor, Savlan Capital, has purchased a seven-warehouse portfolio in Jacksonville for $52 million. The company is launching an aggressive leasing campaign to reduce the portfolio’s current vacancy rate of 57.2%.
The portfolio comprises over 765,000 square feet of space across seven buildings located in the Lakeside Center and Flagler Center areas. The properties span 71 acres and were constructed between 1997 and 2007. Among the facilities in the portfolio are two prominent medical institutions—Baptist Medical Center South and Brooks Rehabilitation Hospital.
With an existing national portfolio that includes 22 medical centers, Savlan Capital plans to leverage its experience in the healthcare sector by converting portions of the newly acquired buildings into medical office spaces. The firm aims to take advantage of the portfolio’s proximity to major hospitals in the area.
The transaction was brokered by JLL, with Robbie McEwan and Hunter Smith representing both the buyer and seller. Property management responsibilities for the portfolio will be handled by NAI Hallmark.
