Hillwood Investment Properties Acquires Two Jacksonville Industrial Buildings From Invesco Real Estate For $115.6M

Hillwood Investment Properties, based in Dallas, has acquired two Westside industrial buildings in Jacksonville. The properties, located at 1220 Presidents Court and 2300 Pickettville Road, were sold for a total of $115.6 million. The buildings have a combined total square footage of 1,382,710. The sale price equates to approximately $84 per square foot, reflecting the value of these industrial assets in the Jacksonville market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $115,600,000
• Square Footage: 1,382,710
• Address: 1220 Presidents Court & 2300 Pickettville Road
• Market: Jacksonville

The buyer, Hillwood Investment Properties, led by Tom Fishman, strategically acquired these industrial buildings. One of the buildings was purchased for a price of $64 million and is currently leased to Unilever. The second building was acquired for $51.6 million and is leased to Keurig Dr. Pepper. Hillwood's investment approach is aligned with its focus on acquiring properties with strategic value.