JLL arranges $28.15M sale of 226.5K-SF business park in Jacksonville
United States, Aug. 18 -- JLL Capital Markets announced the $28.15 million sale of Cypress Point Business Park, a six-building flex portfolio totaling 226,500 square feet in Jacksonville's highly sought-after Butler/Baymeadows submarket.JLL represented the seller, Viking Partners Cypress LLC, in the transaction. Nashville, Tenn.-based BlueCrest Capital Advisors acquired the asset.The 62% occupied portfolio comprises four traditional office buildings totaling 146,500 square feet and two industrial flex buildings totaling 80,000 square feet. Strategically positioned with superior highway connectivity, the property offers direct access to Interstate 95 and U.S. Route 1, placing tenants within a 10-minute drive of St. John's Town Center.The two...
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