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.