NorthPort Logistics Center Sells for $38/SF

The 6-year old (and just 22% occupied) NorthPort Logitics Center with 873k SF in Northeast JAX and about 2.5 miles from the Blount Island Terminal, sold to Real Capital Solutions, a Colorado-based investor for $33M from Oakmont Industrial Group of Atlanta.  It was built to take advantage of the burgeoning container shipping business that slowed considerably because of the recession.  Karen Brune Mathis has the article for The JAX Daily Record.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on September 19, 2015, in JAX Daily Record, Transactions, Warehouses/Industrial and tagged , . Bookmark the permalink. Leave a comment.

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