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.

Timothy Gibbons with the Jacksonville Business Journal has the whole story.

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 August 6, 2015, in Port/Infrastructure, sale and tagged , , . Bookmark the permalink. Leave a comment.

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