1511 Zoo Parkway in Jacksonville, Florida — Courtesy: The STRO Cos.
By Joshua Burd
The STRO Cos., Kushner Real Estate Group and The Silverman Group have partnered to acquire nearly 236,000 square feet of newly built industrial space in Jacksonville, Florida.
The firms on Monday said they purchased the property, 1511 Zoo Parkway, in an off-market deal with a seller listed as Van Trust. The 235,835-square-foot facility is newly constructed, offering 32-foot clear ceiling heights, 53 loading docks and 69 trailer parking spaces and providing tenants with a location near Jacksonville International Airport, the city’s port district and interstates 95 and 295.
“I am personally excited for this transaction,” STRO Founder Steven Millstein said. “1511 Zoo Parkway is ideally positioned to service future tenants with its proximity to the ports and major interstates. I view this asset as irreplaceable and one my family and partners are happy to have in our portfolios. I am appreciative of the seller for working with us to ensure a successful outcome.”
STRO arranged the transaction directly with the seller, with the firm’s Albert Fitch and Kevin Bramhall representing the joint venture. It’s now marketing the divisible building for lease.
“We are thrilled to expand our industrial footprint into Jacksonville, a market that has demonstrated strong growth and demand for top-tier logistics facilities,” said Jonathan Kushner, president of KRE Group. “The acquisition of 1511 Zoo Parkway, with its strategic location and modern specifications, aligns perfectly with our long-term investment strategy. We look forward to working alongside STRO Companies and The Silverman Group to maximize the potential of this asset and meet the needs of future tenants in this thriving region.”
Blake Silverman, president of Silverman Group, added: “We are excited to partner with The STRO Companies and KRE Group on this opportunity and our continued growth of our industrial platform in the Jacksonville industrial market.”
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