Jacksonville Office Park Changes Hands
The asset comprises five buildings spanning a total of 212,240 square feet.
The post Jacksonville Office Park Changes Hands appeared first on Commercial Property Executive.
The asset comprises five buildings spanning a total of 212,240 square feet.
The post Jacksonville Office Park Changes Hands appeared first on Commercial Property Executive.
PCCP LLC provided the floating-rate financing.
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This cross-dock distribution center was fully leased at the time of sale.
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Factory Shoals Distribution Center is subject to a $10.9 million construction loan.
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This will be the largest-ever direct foreign investment in a U.S. greenfield development.
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Proceeds will replace an existing loan due to mature this summer.
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Black Rock is the only skyscraper designed by renowned architect Eero Saarinen.
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A logistics firm will fully occupy the building.
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Federal Realty Investment Trust owns the recently completed office building.
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Vacancy rates keep soaring while construction activity diminishes, CommercialEdge data shows.
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The company will also rebrand its existing location at the building.
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A local bank was the source of the loan.
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The company made a long-term commitment to a Prologis-owned facility.
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DRA Advisors had owned the grocery-anchored property since 2018.
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Lincoln Life & Annuity Co. of New York provided acquisition financing.
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The two-building development will measure almost 174,000 square feet.
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Investments ticked up this year in the market, according to CommercialEdge data.
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Expert insights on the future of the chain’s 300-plus locations.
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