{"id":1004664467,"date":"2023-05-23T07:08:49","date_gmt":"2023-05-23T15:08:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004664467"},"modified":"2023-07-12T01:57:25","modified_gmt":"2023-07-12T09:57:25","slug":"link-logistics-sells-jacksonville-asset-for-31m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-jacksonville-asset-for-31m\/","title":{"rendered":"Link Logistics Sells Jacksonville Asset for $31M"},"content":{"rendered":"
\"4150<\/a>

4150 Perimeter Industrial Parkway W. Image courtesy of JLL<\/em><\/p><\/div>\n

Link Logistics<\/strong> has sold a 260,000-square-foot distribution center in Jacksonville, Fla., for $31.1 million, according to Duval County public records. The same source shows that Sterling Investors<\/strong> is the new owner of the Class A asset. Global Atlantic Financial Group<\/strong> provided a $22.2 million acquisition loan for the buyer.<\/p>\n

JLL<\/strong>\u2019s Capital Markets Investment Sales and Advisory team of Executive Managing Director Luke Pope, Senior Managing Director John Huguenard, Managing Director Luis Castillo, Director Cody Brais, with the assistance of Analyst Taylor Osborne and Associate Wells Waller, has made arrangements on behalf of the seller.<\/p>\n

This is the JLL team’s fifth transaction in the Jacksonville area in the past 12 months, according to Castillo. In January last year, VanTrust Real Estate, assisted by JLL, sold an Amazon-occupied facility<\/a> for $103.5 million, part of a 156-acre industrial campus.<\/p>\n

A fully occupied industrial asset<\/h2>\n

Located at 4150 Perimeter Industrial Parkway W. on a 15.3-acre lot within Perimeter West Industrial Park, the one-story property is fully occupied by Volkswagen Group of America<\/strong>. Its features include ESFR sprinkler systems, 30-foot clear heights, HVAC systems, dock levelers and bumpers, a 155-foot truck court and 156 parking spots, according to CommercialEdge data.<\/p>\n

The distribution center is close to multiple interstates, as well as to CSX Intermodal Terminal, 8 miles from downtown Jacksonville and within 12 miles of Jacksonville International Airport. Nearby major thoroughfares include interstates 295, 95 and 10.<\/p>\n","protected":false},"excerpt":{"rendered":"

Volkswagen Group of America is the property’s sole tenant.<\/p>\n","protected":false},"author":2991,"featured_media":1004664476,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,1591,21742,32781],"tags":[35510,44006,51531],"class_list":["post-1004664467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-jacksonville","category-latest","category-southeast","tag-global-atlantic-financial-group","tag-jll-capital-markets","tag-link-logistics"],"acf":[],"yoast_head":"\nLink Logistics Sells Jacksonville Asset for $31M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Link Logistics has sold a 260,000-square-foot distribution center in Jacksonville, Fla., to Sterling Investors for $31.1 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-jacksonville-asset-for-31m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Link Logistics Sells Jacksonville Asset for $31M\" \/>\n<meta property=\"og:description\" content=\"Link Logistics has sold a 260,000-square-foot distribution center in Jacksonville, Fla., to Sterling Investors for $31.1 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-jacksonville-asset-for-31m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-23T15:08:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-12T09:57:25+00:00\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/4150-Perimeter-Volkswagen-e1684844291783.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-jacksonville-asset-for-31m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-jacksonville-asset-for-31m\/\",\"name\":\"Link Logistics Sells Jacksonville Asset for $31M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-jacksonville-asset-for-31m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-jacksonville-asset-for-31m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/4150-Perimeter-Volkswagen-e1684844291783.jpg\",\"datePublished\":\"2023-05-23T15:08:49+00:00\",\"dateModified\":\"2023-07-12T09:57:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Link Logistics has sold a 260,000-square-foot distribution center in Jacksonville, Fla., to Sterling Investors for $31.1 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-jacksonville-asset-for-31m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-jacksonville-asset-for-31m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-jacksonville-asset-for-31m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/4150-Perimeter-Volkswagen-e1684844291783.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/4150-Perimeter-Volkswagen-e1684844291783.jpg\",\"width\":4050,\"height\":3037,\"caption\":\"4150 Perimeter Industrial Parkway W. 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