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Sign in Sign up for a FREE subscriptionTriGate Capital JV sells Jacksonville industrial facility
A joint venture led by TriGate Capital has sold the Grainger Distribution Center, a new, fully leased, class A, 297,000-square-foot industrial facility in Jacksonville, Fla.
The buyer and financials were not undisclosed.
“This was a high-quality, functional industrial asset in one of the best locations in the Jacksonville market,” said Britton Burdette, a managing director at JLL Capital Markets, which represented the seller. “The seller received strong pricing, and the buyer acquired a great asset that should perform very well for them over their ownership period and beyond.”
Completed in December 2019, Grainger Distribution Center is home to W.W. Grainger, Inc., a Fortune 500 business-to-business distributor of maintenance, repair and operating supplies (MRO) whose revenues reached $11.2 billion
