The ninth deed was recorded Nov. 14 for the nine properties that New York City-based Stonepeak announced Nov. 4 that it bought in Jacksonville.
The nine deeds total $191.24 million and show a total square footage of 1.841 million, according to Duval County Clerk of Court and Property Appraiser records.
That works out to about $104 per square foot.
Stonepeak, which calls itself a leading alternative investment firm specializing in infrastructure and real assets, said Nov. 4 the nine assets total 1.8 million square feet, but did not identify the properties, the seller or the amount it paid.
The nine properties identified through deeds were sold by LLCs that are in care of Link Logistics Real Estate LLC of Fort Washington, Pennsylvania.
The properties are in North and Northwest Jacksonville and were built between 1972 and 2011.
For the ninth, recorded Nov. 14 with the Duval County Clerk of Court, here is the sale price, address, acreage, size and year built:
• $30.312 million at 10543 Canada Drive, 14.82 acres, 320,580 square feet, one story, built in 1986. Last sold Jan. 17, 2017, for $12.63 million.
For the first eight:
• $39.442 million at 2855 Faye Road, 27.53 acres, 364,560 square feet, one story, built in 2001. Last sold Nov. 10, 2017, for $24.38 million.
• $30.592 million at 780 Whittaker Road, 14.53 acres, 280,000 square feet, one story, built in 2011. Last sold Nov. 17, 2017, for $10.78 million. The deed lists five property numbers, but four of them are for sales recorded in other deeds. The only new one is the Whittaker Road address.
• $26.262 million at 10301 Busch Drive N., 13.78 acres, 220,548 square feet, one story, built in 1996. Last sold Jan. 17, 2017, for $8.836 million.
• $15.922 million at 10490 Busch Drive N., 7.82 acres, 168,380 square feet, one story, built in 1976. Last sold Jan. 17, 2017, for $6.976 million.
• $13.492 million at 227 Gun Club Road, 6.32 acres, 131,887 square feet, one story, built in 1972. Last sold Jan. 12, 2017, for $6.352 million.
• $13.012 million at 560 Zoo Parkway, 4.88 acres, 130,960 square feet, one story, built in 1978, and adjacent vacant 1.48 acres. Last sold Jan. 17, 2017, for $5 million.
• $11.792 million at 5301 W. Fifth St., 6.217 acres, 120,200 square feet, one story, built in 1973. Last sold for $3.744 million in 2006.
• $10.412 million at 5540 Broadway Ave., 6.89 acres, 104,565 square feet, one story, built in 1974. Last sold for $3.456 on July 19, 2006.
State corporate records show that Stonepeak formed LLCs to acquire the properties.
The Prudential Insurance Co. of America issued a $120 million mortgage to one of the LLCs, SP Jacksonville Faye Road LLC.
The mortgage recorded Nov. 23, is for the Faye Road property and does not appear to apply to any of the other properties.
The mortgage and deeds were executed Nov. 1.
Link Logistics was established by Blackstone in 2019.
Stonepeak says it has about $70 billion of assets under management.
“We believe that high-quality real estate adjacent to transport infrastructure will continue to outperform given its mission-critical role in local and national supply chains,” said Phill Solomond, Stonepeak senior managing director and head of real estate, in the Nov. 4 release.
Simpson Thacher & Bartlett LLP served as legal counsel and Jones Lang LaSalle served as financial adviser to Stonepeak.