Portfolio Disposition in Jacksonville

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Portfolio Disposition in Jacksonville

Pattillo Industrial Real Estate completed a four building portfolio sale in Westside Industrial Park, Jacksonville, FL in March 2018 to Colony Northstar. This fully leased package included ~1.3 million SF and yielded an aggressive sub 6% CAP rate. The Jacksonville market continues to experience growth with several properties under development and remains a strong market for Pattillo Industrial Real Estate. Frank Fallon and Chris Riley with CBRE brokered the transaction on behalf of Pattillo and worked in conjunction with our in-house team consisting of Larry Callahan, Josh Harrison, Lisa Rhudy, Jackie Stalvey and Peter Anderson.