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Jacksonville, Fla. (September 1, 2021) – Graham Capital, a real estate investment company that acquires and develops distribution centers in the Southeast, recently purchased three warehouse properties in Jacksonville, marking the company’s first foray into the market. Foundry Commercial, a full-service real estate services and investment firm with offices across the Sun Belt, represented Graham Capital in the transactions.
The first warehouse purchase was at 1550 North Ellis Road in the Westside sub-market, for a fully leased 216,000 square foot property. Graham Capital also purchased two fully leased warehouse buildings at 7051 Stuart Avenue and 6982 Highway Avenue, totaling another 153,625 square feet of warehouse space in the Westside sub-market.
Foundry Commercial’s Mark Scott, who leads the industrial brokerage team in the firm’s Jacksonville office, handled the transactions on behalf of Graham Capital.
“These buildings have an excellent history of lease-up over many years on Jacksonville’s Westside, which is attributable to their functionality and outstanding access to I-10 and I-295 as well as the CSX and Norfolk Southern intermodal yards,” stated Scott.