(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.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 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.