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JACKSONVILLE, FL—A former Mercedes-Benz USA warehouse is now home to the Compass Rose Foundation, a non-profit Florida-chartered organization. COFE Fund One-Western Way, LLC sold the property for $5.2 million a year after acquiring it.

“This property represents a great adaptive reuse that fits my client’s long-term goals while addressing the targeted future education demands for adult secondary education,” says Bruce Jackson, a CBRE first vice president, who represented the buyer. “They simply could not pass up the opportunity to acquire this ‘tailor-made’ campus.”

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