Eric Smyth And Robert Strom Of CIP Real Estate Acquire Imeson Commerce Center In Jacksonville For $53.75M

The Imeson Commerce Center located at 1000 Imeson Park Boulevard in Jacksonville is an industrial asset encompassing 422,136 square feet. The property was transacted for $53.75 million, which equates to a price per square foot of $127. This Class A facility, which was delivered in 2023, is fully leased and features 103,000 square feet of air-conditioned warehouse space occupied by RoadOne IntermodaLogistics.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $53,750,000
• Square Footage: 422,136
• Address: 1000 Imeson Park Boulevard
• Market: Jacksonville
• Sale Price per Square Foot: $127
• Buyer: Eric Smyth & Robert Strom - CIP Real Estate
• Seller: Peter Goulding & CJ Carey - North Signal Capital; Fox Capital Partners
• Brokers: Cody Brais, David Orta Jr., Luis Castillo & Taylor Osborne - JLL

The buyers, Eric Smyth and Robert Strom, are representatives of CIP Real Estate, while the sellers, Peter Goulding and CJ Carey, represent North Signal Capital and Fox Capital Partners. The transaction was facilitated by brokers Cody Brais, David Orta Jr., Luis Castillo, and Taylor Osborne, all affiliated with JLL.