WASHINGTON, D.C. – March 4, 2015 – (RealEstateRama) — CBRE arranged the sale of 5220 Shad Road, a flex and industrial portfolio consisting of three multi-bay warehouses totaling 80,755 square feet, located at the Magnolia Park in Jacksonville, FL. Dalfen America Corp., a private equity real estate firm based out of Montreal, Canada, acquired the portfolio from Magnolia Partners LTD for $3.35 million. CBRE represented the seller in the transaction.
“The property is one of the few complexes on the Southside that offers both dock-high and grade-level loading as well as air conditioned warehouse space,” said CBRE’s First Vice President, Bobby Gatling. “The location is desired by many businesses due to its close proximity to the rapidly growing northern St. Johns County and southern Duval County.”
Built in 2004, 5220 Shad Road comprises three multi-bay warehouses: Buildings 200, 400 and 600. The buildings are well-situated off Phillips Highway (U.S. Highway 1) on Shad Road and available units range in size from 1,640 to 26,600 square feet. The industrial park offers convenient access to I-295, I-95 and U.S. Highway 1.
CBRE’s sales team included Bobby Gatling and Oliver Barakat.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.