(Carl Cronan is editor of RealEstateFlorida.)
JACKSONVILLE, FL-Flagler Development Group is continuing itsaggressive acquisition mode, buying nearly $250 million worth ofcommercial real estate throughout Florida over the last fourmonths. Its latest purchase: the nine-building JacksonvilleInternational Tradeport.
Flagler paid $72.1 million for the 994,380-sf industrial complexin the city's northside submarket, adding to at least 500,000 sfthat it already owns in Jacksonville. Holliday Fenoglio Fowler'sMiami office represented Flagler in buying the 99% leased Tradeportbuildings from Jackson Shaw Co., including the assumption of anexisting loan on the property.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
