Merritt Properties is giving a boost to its Jacksonville, Florida portfolio by purchasing an industrial park for an undisclosed price.
The 200,000-foot square space features five buildings. Known as Merritt at Gate Parkway, the space is leased to tenants including DB Structured Products and MMI. It's unclear what the exact occupancy rate at the site is and if there are other tenants as well.
The industrial park, located at 5022 Gate Parkway, offers leases that start at 3,500 square feet. Also, it comes with 14-foot clear sites and ample parking.
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