A sixth deed recorded June 14 shows that Link Logistics Real Estate LLC of New York sold an eight-building industrial portfolio in North Jacksonville to Lincoln Property Co. for almost $140.2 million.
Link Logistics sold eight buildings in Jacksonville International Tradeport.
The six deeds for the properties were executed June 2. Link Logistics Chief Administrative Officer Sonya Huffman signed them.
Five deeds were recorded June 7 with the Duval County Clerk of Courts totaling almost $91.32 million. The sixth, for three buildings, was recorded June 14 for $48.85 million.
Link Logistics and Lincoln Property have not responded to questions for comment.
Through limited liability companies, Link Logistics sold the Tradeport properties to Lincoln Property, who set up LLCs as Columbia Florida Transport LLCs and one for Columbia Florida Alvarez Industrial LLC. The address is in Chicago.
The deeds are to the attention of Gary Kobus, executive vice president of Lincoln Advisors, the advisory division of Lincoln Property Co.
The Cushman & Wakefield commercial real estate services firm announced June 6 that it arranged the sale of the eight-building industrial park to Lincoln Property Co.
The purchase price was not disclosed, nor was the name of the seller.
The news release says the property totals about 933,500 square feet, comprising:
• Three buildings at 13845, 13903 and 13949 Alvarez Road. Duval County property records show those three structures, built in 2008, comprise 93,960-, 147,596- and 94,360-square-foot warehouses. Those sold for $48.85 million.
• Two buildings at 13525 and 13475 International Parkway. Both were built in 2017. Two deeds show that 13525 International Parkway, at 124,000 square feet, sold for $18.95 million and 13475 International Parkway, at 54,000 square feet, sold at $8.35 million.
• One building at 1750 Airport Road. The 200,000-square-foot warehouse, built in 2019, sold for almost $31.07 million.
• One building at 1594 Transport Road. The 93,600-square-foot warehouse, built in 2019, was sold for $13.7 million.
• One building at 13500 E. Tradeport Circle. The 126,000-square-foot warehouse, built in 2015, sold for $19.25 million.
Cushman & Wakefield said the property was 97% leased at the time of the sale.