Pattillo Expands Local Presence with Recent Acquisition

Pattillo just enlarged it’s local real estate holdings with a recent $14.7M purchase from Prologis. The purchase included 2 separate acquisitions:

  1. Perimeter West I distribution center- a 138k SF structure on 7.1 acres on Pritchard Road, close to Pattillo’s Westside Industrial Park. The building was fully leased at the time of the sale and the property sold for $7.5M.
  2. The other acquisition was for 96 acres of vacant, industrial zoned land, which can accommodate up to 1.5M SF. This portion of the deal was valued at $7.175M.

Karen Brune Mathis with the Daily Record covered the 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 January 29, 2016, in JAX Daily Record, Uncategorized and tagged , , , . Bookmark the permalink. Leave a comment.

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