Phill Solomond Of Stonepeak Acquires Seven Industrial Properties In Jacksonville For $130.22M

The transaction involved the sale of seven industrial properties located in Jacksonville, comprising a total of 73.4 acres. The sale price amounted to $130,220,000 for 1,241,000 square feet, resulting in a price per square foot of $105. The properties include addresses at 2855 Faye Road, 10301 Busch Drive, 10490 Busch Drive North, 227 Gun Club Road, 560 Zoo Parkway, 5301 West Fifth Street, and 5540 Broadway Avenue. The buildings were constructed between 1972 and 2001.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $130,220,000
• Buyer: Phill Solomond - Stonepeak
• Seller: Link Logistics Real Estate LLC
• Lender: Prudential Insurance
• Market: Jacksonville
• Square Footage: 1,241,000
• Price per Square Foot: $105

The key individuals involved in this transaction include Phill Solomond representing Stonepeak as the buyer, and Link Logistics Real Estate LLC as the seller. Prudential Insurance acted as the lender for the transaction. The properties acquired are situated in North and Northwest Jacksonville.