Todd Briddell Of CenterSquare Investment Management Acquires Philips Highway Industrial Park For $17.15M

The Philips Highway Industrial Park, an industrial asset located at 5105, 5225 & 5299 Philips Highway in Jacksonville, FL, has been acquired for a total of $17,150,000. The property encompasses 106,643 square feet and has a price per square foot of $161.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $17,150,000
• Buyer: Todd Briddell - CenterSquare Investment Management; ESAS Holdings
• Seller: Price Enterprise Holdings
• Financing: $10 million mortgage from an affiliate of Aetna Investment Group

This transaction involved a joint venture led by Todd Briddell, representing CenterSquare Investment Management and ESAS Holdings, acquiring the property from Price Enterprise Holdings. The deal reflects the strategic interests of the involved parties in the Jacksonville market.