Two Jacksonville, FL industrial buildings trade hands

Taylor Osborne
.

 MIAMI, FL –  JLL

Luis Castillo

 Capital Markets has completed the sale of Crossroads Distribution Center Buildings 100 and 200, two, fully leased, Class A industrial buildings totaling 423,056 square feet in Jacksonville, Florida.

 The price was not disclosed.  JLL worked on behalf of the seller to complete the sale to Bixby Land Company.

 The JLL Capital Markets Investment Sales and Advisory team was led by Luis Castillo, Cody Brais, Britton Burdette, Luke Pope and Taylor Osborne.

 “We continue to see strong demand from investors for opportunities in Jacksonville as the leasing fundamentals for the port market continue to outperform,” said Castillo

Cody Brais

 The distribution center is situated immediately adjacent to the interchange of I-295, which serves as Jacksonville’s beltway and offers exceptional connectivity to the port, airport and downtown.

 Crossroad’s strategic location also provides tenants rapid access to dense population centers in Florida and the entire Southeast U.S.

 Additionally, Crossroads is located within the Westside submarket, the most sought-distribution node in Jacksonville, featuring dense institutional ownership and credit tenancy. According to JLL’s research, the submarket accounted for 24% of total inventory with 38 million square feet.

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

Britton Burdette

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

 The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 For more news, videos and research resources, please visit JLL’s newsroom.

 

Contact:

  Grace Lewis,

JLL PR

Phone: +1 903 520 3478

Email: grace.lewis@jll.com

 

www.bixbyland.com.

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