Updated Oct 16, 2026
ID Logistics Leases 650,000 Square Feet At Florida Gateway Logistics Park From CT Realty
9909 Pritchard Road
Building Size
650,000 SF
Asset Type
Industrial
Closing
Oct 12, 2026
About this deal
AI
The property involved in this transaction is a 650,000-square-foot industrial asset located at 9909 Pritchard Road in Jacksonville, FL. It is part of the Florida Gateway Logistics Park, specifically Building 4, and is leased by ID Logistics from CT Realty. The transaction is significant within the Jacksonville market, contributing to the Westside submarket's absorption rate. The occupancy is expected to commence in November.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 9909 Pritchard Road
- Market: Jacksonville, FL
- Landlord: CT Realty
- Tenant: Eric Hemar - ID Logistics
- Landlord's Representative: Luke Pope - JLL
- Tenant's Representative: Michael Barker - CBRE
Luke Pope of JLL represented the landlord in this leasing transaction while Michael Barker from CBRE represented ID Logistics. The lease is notable for accounting for a significant portion of the nearly 1.6 million square feet of absorption in the Westside submarket during the third quarter of 2026, highlighting the active leasing environment in the area.
On the Map
Industrial
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Players
Jacksonville Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93