AEW Capital Management Acquires Industrial Property In Jacksonville For $45M

A 469,830 square foot industrial property located at 600 Whittaker Rd in Jacksonville has been sold for $45,000,000. The property was purchased by AEW Capital Management from the sellers, LRC Properties & Machine Investment Group. The sale was facilitated by brokers Luis Castillo, Cody Brais, and Luke Pope from JLL.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $45,000,000
• Address: 600 Whittaker Rd, Jacksonville
• Market: Jacksonville
• Square Footage: 469,830

The transaction took place on 07/25/2022. The property, with a price per square foot of $96, was acquired by AEW Capital Management from the sellers, LRC Properties & Machine Investment Group. Brokers Luis Castillo, Cody Brais, and Luke Pope from JLL facilitated the sale.