(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 - 6.)
JACKSONVILLE, FL—With the Panama Canal expansion drawing closer to completion, port cities like Miami and Jacksonville are seeing a surge of interest from investors. Global Income Trust just acquired an 817,632-square-foot distribution center in Jacksonville for $42.5 million.
Located on a 53-acre site, the building was constructed in 2008. Samsonite fully occupies the class A industrial building. Samsonite’s lease runs through Feb. 2018 with two five-year renewal options.
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