Greg Lauze Of Northbridge Partners Acquires Industrial Park In Jacksonville For $35.1M

The industrial asset located at 14476 Duval Place West in Jacksonville, FL encompasses an eight-building park with a total of 230,000 square feet. The property is designed to accommodate industrial, logistics, and light manufacturing tenants. It was sold for $35,100,000, resulting in a price per square foot of $153. This transaction marks a significant acquisition in the industrial market near Jacksonville International Airport.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $35,100,000
• Square Footage: 230,000
• Price Per Square Foot: $153
• Buyer: Greg Lauze - Northbridge Partners
• Seller: Drew Dewitt & David Archibald - East Capital Partners
• Broker: CBRE

This transaction was facilitated by NorthBridge Partners, which aims to expand its logistics portfolio in Jacksonville. The property previously traded for $24.5 million in 2023, indicating a significant increase in value since that time. The deal involved key players from both buyer and seller, highlighting their roles in the real estate market.