SOLD | Jacksonville Business Park Portfolio
Sold: Colliers International has been retained on an exclusive basis to offer for sale the Jacksonville Business Park Portfolio: three business parks totaling over 1.1 million square feet of institutional quality light industrial and office assets in a premier location within Jacksonville, FL, centered by the intersection of Interstate 95 and J. Turner Butler Boulevard. The Portfolio’s 96% occupancy rate, diverse rent roll of over 70 tenants, and 3.38 years of weighted average remaining lease term provide significant stability, while strong demand for space in this high barrier infill location offers the opportunity for considerable rental rate growth and upside. The Jacksonville Business Park Portfolio is a unique opportunity to acquire a critical mass of stabilized corporate parks in the highly amenitized Southside segment of a surging Southeast U.S. Market.
Sold: Colliers International has been retained on an exclusive basis to offer for sale the Jacksonville Business Park Portfolio: three business parks totaling over 1.1 million square feet of institutional quality light industrial and office assets in a premier location within Jacksonville, FL, centered by the intersection of Interstate 95 and J. Turner Butler Boulevard. The Portfolio’s 96% occupancy rate, diverse rent roll of over 70 tenants, and 3.38 years of weighted average remaining lease term provide significant stability, while strong demand for space in this high barrier infill location offers the opportunity for considerable rental rate growth and upside. The Jacksonville Business Park Portfolio is a unique opportunity to acquire a critical mass of stabilized corporate parks in the highly amenitized Southside segment of a surging Southeast U.S. Market.