LRC Properties has purchased 600 Whittaker Road in Jacksonville, Fla. The 469,830-square-foot industrial property is LRC Properties’ first industrial property in Jacksonville and its second property in the Jacksonville commercial real estate marketplace.
LRC Properties partnered on the deal with Machine Investment Group, purchasing the property for $29.6 million. The debt on the purchase was funded by Rialto Capital.
The warehouse property is located in the Northside submarket of Jacksonville, one of the key submarkets in the region. The property features warehouse space, 32-foot clear heights, loading areas and plenty of trailer parking. LRC Properties plans to make cosmetic upgrades to the property and improve signage.
“We are excited to purchase the 600 Whittaker Road property,” said Karie Nero, principal and CFO of LRC Properties. “We wanted to expand our footprint in the Jacksonville region. It is strategically located near I-95, I-295, I-10, two po
