Boston Firm Acquires 66 Acres Near Jax Port Blount Island Marine Terminal for $11 Million
Cabot II of Cabot Properties, a Boston-based private equity investment company, acquired a 66-acre parcel of prime industrial land on Blasius Road. The parcel is 3 miles from the Jacksonville Port Blount Island Marine Terminal and traded for $11.3 million.
The site will be the home of Alta Lakes Commerce Center, an 870,000-square-foot warehouse distribution center, near the Dames Point Bridge.
Construction is scheduled to begin on Phase I of the project, which includes four buildings totaling 600,000 square feet, by March of next year.
This planned venture is one of several undertakings by Cabot, which is investing more than $1 billion in industrial properties across the U.S.
PBK Investments, which sold the property to Cabot, may be a potential lessee. Paul Robbins, a manager at PBK, is also CEO of Caribbean Shipping and Cold Storage Inc., which may take up residence in 50,000 square feet of the commerce center.
Bryan Bartlett and John Richardson of Grubb & Ellis/Phoenix Realty Group represented Cabot. Philip Parsons of Colliers Dickinson represented PBK. Written by April Francis
http://www.realestate-jacksonvilleflorida.com/list-of-duval-county-schools-in-jacksonville-florida.html
Sunday, September 23, 2007
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