Principal Real Estate Investors, the real estate investment team for Principal Global Investors®, acquired Crossroads Building 300, a new, class-A, fully leased, 235,200-square-foot industrial building within Crossroads Distribution Center in Jacksonville, Fla.
JLL Capital Markets marketed the property on behalf of the private seller. The sales price was not disclosed.
Crossroads Building 300 was developed by the seller and completed in 2022 to state-of-the-art specifications, including a 32-foot clear height, deep truck courts, rear-load configuration, 56 dock-high doors, 43 trailer stalls, ESFR fire protection, LED lighting and ample parking. The property is net leased to Cartparts.com and Drummond Press, Inc.
Located in the master-planned Crossroads Distribution Center, the property is at 6610 Pritchard Road, with immediate access to Interstate 295, a major logistical thoroughfare that provides connectivity to the Port of Jacksonville, Jacksonvil
