Machine Investment Group has purchased two industrial properties in partnership with LRC Properties (LRC). The two acquisitions, completed in separate off-market transactions, include the following:
600 Whittaker Road,a 469,830-square-foot bulk distribution center located in the Northside submarket of Jacksonville, Fla., purchased for $29.6 million. The well-located property has a strategic location within Jacksonville, offering local and regional distribution access through road, air, marine and rail transportation channels. The property is the only rail-served vacancy in the tight Jacksonville industrial market and offers significant trailer parking, a competitive advantage over similar industrial product in the market. Additional attractive physical attributes of the facility include 32-foot clear heights, 54 loading docks, appealing column spacing and truck courts as well as 14 rail-served loading docks. The Machine and LRC business plan includes ca
