Coach Distribution Sold- Largest Investment Sale in NEFLA To Date in 2015
Intercontinental Real Estate Corp. (Boston HQ’d) paid $90.5 million for a net leased Coach distribution center, located within the Jacksonville International Tradeport on Jacksonville’s Northside. Coach has been the single tenant at this location since 1994, and all Coach merchandise in the US is shipped out of this facility. This sale follows other notable net leased industrial deals this year, including the sale of the GE Oil & Gas facility ($57.6M) and the FedEx distribution center ($30.6M), both within Cecil Commerce Center and both trading in the first half of the year. This mirrors a national trend of increased interest and investment volume in industrial and hospitality assets.
Posted on August 6, 2015, in Port/Infrastructure, sale and tagged Coach Distribution Center, Intercontinental Real Estate Corp., jacksonville international tradeport. Bookmark the permalink. Leave a comment.