March 27, 2020 Comments Off on JLL Closes Sale of Grainger-Occupied Facility in Jacksonville Views: 1114 Florida News, North Florida, Top Florida

JLL Closes Sale of Grainger-Occupied Facility in Jacksonville

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Grainger Distribution Center, a new, fully-leased, Class A, 297,000-square-foot industrial facility in Jacksonville, has traded hands. The seller was a joint venture led by TriGate Capital, LLC. The buyer of the property, within the Crossroads Distribution Center Park in Jacksonville’s Westside industrial submarket, was undisclosed.

Completed in December 2019, the facility is situated on 75 acres at 6590 Pritchard Rd. and is home to W.W. Grainger, Inc. The institutional-quality asset features 32-foot clear heights, 65 dock-high doors, two drive-in doors, ESFR fire suppression, LED high-bay lighting, deep truck court and low office finish.

JLL Capital Markets’ Britton Burdette, Pete Pittroff, Matt Wirth, Dennis Mitchell, Patrick Nally, Bret Felberg and Luke Pope handled the sale on behalf of the developer.

“This was a high-quality, functional industrial asset in one of the best locations in the Jacksonville market,” Burdette said.

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