CT Realty Acquires 300K SF Warehouse In Jacksonville For $32.8M

A warehouse at Florida Gateway Logistics Park in West Jacksonville was sold for $32.8 million on December 19. The property, known as Building 200, spans 300,240 square feet and is located at 9909 Pritchard Road in Jacksonville. The buyer, CT Realty, in partnership with Diamond Realty Investments, acquired the industrial asset from CTR Partners. The transaction took place in the Jacksonville market, and the price per square foot was $109.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $32,800,000
• Square Footage: 300,240
• Address: 9909 Pritchard Road
• Market: Jacksonville

The seller, James "Watty" Watson, was represented by CTR Partners. The buyer, CT Realty, was assisted by Kent Koga from Diamond Realty Investments. The transaction was facilitated by a team of brokers from CBRE, including Alain Bonvecchio, Gabriel Braun, Jose Lobon, Royce Rose, Trey Barry, and Chris Riley.