Flagler Sells Holdings at Jacksonville Int’l Tradeport

Flagler Development Group sold its last income-producing assets in JAX, some 8 warehouses located in the Jacksonville International Tradeport for $37.15M± or about $41 PSF.  The buyer is Evergreen Industrial Properties and TPG-sister company Catellus Development Co. both out of California. The eight buildings are located near the Jacksonville Airport, and total just over 903k SF.  Robert Ward with the Jacksonville Business Journal has the story.  And more from Karen Brune Mathis of The JAX Daily Record on Evergreen and their plans for JAX being one of their priority cities.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on May 22, 2015, in JAX Business Journal, Port/Infrastructure and tagged , , . Bookmark the permalink. Leave a comment.

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