JACKSONVILLE, FL—Crocker is on a Florida commercial real estate acquisition roll lately. The firm just spent $133.2 million to acquire 12 buildings in the Flagler Center business park in Jacksonville, FL.

The 12 buildings add about 1.4 million square feet to Crocker's Florida portfolio. Crocker acquired the assets in a joint venture with New York-based Investcorp.

“This was a rare opportunity to acquire a dozen buildings across three product types at a significant discount to replacement cost,” says Crocker managing partner Tom Crocker. "Jacksonville is a very attractive market, and Flagler Center has the potential for significant return as we apply our asset and property management expertise.”