Amazon Big-Box Trades in Central Florida for $106M
The e-commerce giant holds a long-term commitment at the recently completed facility. Apr072021
Image courtesy of Cushman & Wakefield
On the heels of making its debut in Los Angeles County with a $74 million purchase, Boston-based Intercontinental Realty Corp. picked up another Amazon-leased warehouse, this time in Lakeland, Fla.
Seller Ackerman & Co. the original developer of the 710,962-square-foot building dubbed Dragstrip Logistics Center pocketed more than $106 million for the recently constructed Class A asset, according to the
Tampa Bay Business Journal. The buyer purchased the distribution center for one of its managed funds. Amazon’s commitment at the property stretches over 10 years.
Green Cove Springs warehouse bought for $40 62 million | Jax Daily Record | Jacksonville Daily Record jaxdailyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jaxdailyrecord.com Daily Mail and Mail on Sunday newspapers.
Cushman & Wakefield announced Dec. 28 it brokered the sale of the Fanatics distribution center at 5245 Commonwealth Ave. in Northwest Jacksonville.
The sale includes the 560,688-square-foot Fanatics warehouse and Conlan Tire’s 27,579-square-foot outparcel, the news release said.
Cushman & Wakefield did not disclose the sale price, which was not recorded with the Duval County Clerk of Courts as of noon Dec. 28.
The property last sold for $15 million in December 2018.
The 28-acre property includes 52 dock-high entrances, 447 regular parking spaces, 20 handicap parking spaces and 46 tractor-trailer parking spaces.
New York City-based DRA Advisors, a real estate investment firm, bought the property.
Cushman & Wakefield’s Mike Davis, Rick Colon, Rick Brugge, Karl Johnston and Dominic Montazemi, with support from Tyler Newman, Jacob Horsley, Zachary Eicholtz, Mark Hardee and Jordan Stenholm, represented the seller, IP Capital Partners, in the transaction.