Three West Jacksonville properties with four industrial buildings sold Dec. 11 for $14.6 million.
A-B Properties Inc. of Jacksonville sold the warehouses with office space through A-B Distributors Inc. and Maropa Inc.
The buyer was Palm Leaf Holdings GP LLC of Oak Brook, Illinois, through Palm Leaf Holdings 7 LLC.
Palm Leaf Holdings GP LLC took out two mortgages Dec. 11 for a combined $9.25 million.
One is for $4.1 million with Coventry Health Care of Illinois Inc. The other is for $5.15 million with Coventry Health Care of Missouri Inc. Both mature Jan. 1, 2029.
The properties sold:
• 1057 Ellis Road N. is a 89,004-square-foot structure on 5.57 acres built in 1979. It is leased by Solar Energy Labs.
A-B Properties acquired the property in February 1996 for $1.664 million.
• 1123 Ellis Road N. is a 14,769-square-foot structure built in 1963. The 3.55-acre property includes an adjacent 24,739-square-foot building at 5555 W. First St. built in 1971.
Jacksonville-based trucking company Markham Endeavors is a tenant.
• 1500 Industrial Blvd. is a 39,000-square-foot building on 1.38 acres built in 1955.
It was formerly leased by Neptune Wholesale and Liquidations.