Bixby Acquires Crossroads Buildings 100 & 200 in Jacksonville, Florida
03 Julio 2024 - 1:32PM
Business Wire
Bixby Capital Management, a subsidiary of Bixby Land Company, a
leading real estate investment firm, headquartered in Newport
Beach, California, has announced the acquisition of Crossroads
Buildings 100 & 200, two premier Class A warehouse and
distribution facilities situated in Jacksonville, Florida.
Developed in 2009 and 2019 respectively, these buildings
collectively span 423,056 square feet and are positioned on 95.3
acres within the thriving Jacksonville industrial market.
Both buildings feature rear-load configurations, clear heights
ranging from 29 to 32 feet, ESFR sprinkler systems, and deep
concrete truck courts measuring between 130 and 185 feet.
Strategically located near major transportation arteries including
I-295 and I-10, the properties are positioned within the highly
sought-after Westside submarket, enhancing logistical efficiency
and connectivity for tenants.
The portfolio is currently fully leased to three high-quality
tenants, underscoring the attractiveness and stability of the
investment. This acquisition marks Bixby’s inaugural entry into the
Florida market, marking a significant milestone in the firm’s
strategic expansion efforts into new port-centric regions.
"We are thrilled to add Crossroads Buildings 100 & 200 to
our portfolio," said Lexi Geiger, Director of Acquisitions at
Bixby. "This acquisition not only strengthens our presence in the
Southeast but also underscores our commitment to investing in
high-quality assets in key logistics hubs."
JLL Capital Markets Investment Sales and Advisory team
represented both the seller and Bixby Land Company to complete the
transaction. The JLL team was led by Luis Castillo, Cody Brais,
Britton Burdette, Luke Pope and Taylor Osborne.
"Jacksonville has emerged as a highly sought-after market for
industrial investors as a result of the market’s recent and
forecasted fundamental performance,” said Brais. "With this
transaction, Bixby has entered a coveted sub-market recognized for
great access, neighboring institutional ownership, and a strong
fortune 100 tenant base."
For more information about Bixby and its investment strategies,
please visit www.bixbyland.com.
About Bixby
Bixby Capital Management is a leading commercial real estate
owner, operator, and investment manager with over $1.5 billion of
assets under management. The company develops and invests in
industrial, office, and R&D properties throughout the United
States. For over 125 years, Bixby has been committed to adding
value for its shareholders and investors. To learn more, visit
www.bixbyland.com
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Debbie Heinze Director of Marketing & Shareholder Relations
949-336-7028 dheinze@bixbyland.com