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Crocker Spends $133M in Flagler Center

JACKSONVILLE, FL—“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.

By Jennifer LeClaire | Updated on September 10, 2014

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.

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