Pat Mullane Of NorthBridge Partners Acquires Dundas Industrial Park From Carlos Lopez-Cantera For $24.8M

The property involved in this transaction is an industrial asset located at 440 Dundas Drive in Jacksonville, encompassing 9.98 acres. The sale price of the property is $24,800,000. It offers a total of 138,000 square feet of space, with a price per square foot calculated at $180.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $24,800,000
• Address: 440 Dundas Drive
• Market: Jacksonville
• Acreage: 9.98
• Square Footage: 138,000
• Price Per Square Foot: $180
• Buyer: Pat Mullane - NorthBridge Partners
• Seller: Carlos Lopez-Cantera - Pan American Companies
• Brokers: Guy Preston, Riley Vaught, Ryan Vaught, Seda Preston, Jimmy Ullrich & Michael Macchia - Colliers

Colliers noted that Pan American Companies sold the Dundas Industrial Park in North Jacksonville as part of this transaction. The deal highlights the robust growth in Jacksonville's industrial market, attributed to an increase in population and favorable logistics infrastructure, as indicated by the brokers involved.