Westmount Realty Capital acquires second property in Florida

Westmount Realty Capital has purchased the fully occupied 4055 Deer Park Boulevard in St. Augustine, Fla.

The 246,818-square-foot warehouse sits on 25 acres and is 45 miles from Jacksonville. The property is Westmount’s second recent acquisition in Florida.

The warehouse space is fully leased to KeHE Distributors, one of the nation’s top wholesale food distributors with 16 distribution centers across North America. KeHE has been a tenant since 2008. This location employs 200 of KeHE’s 5,500 employees, and the asset also features land to expand the building by 100,000 square feet.

“Deer Park is an in-demand, value-add investment opportunity with a top-notch tenant,” said Nick Sands, Westmount’s Florida industrial market leader. “There is almost no vacancy in this submarket and even less throughout the overall marketplace for air-conditioned/cold-storage space. KeHE is also one of the largest and most respected organic and special food distributors t