Investors Trip Stanly and G. Thomas Finnegan III bought 5½ acres in the Rail Yard District west of Downtown.
Stanly said he could not comment about plans for the property.
Under 95 Arch Partners LLC, Finnegan and Stanly, managing member of Blackwater Capital LLC, bought the property from Dennis Jacksonville LLC for $1,100,000 on Sept. 30.
The properties are at 1505, 1620,1710 and 1720 Dennis St. and 74, 76 and 96 Ives St., west of Interstate 95.
They contain a nearly 1,900-square-foot office building, a 69,348-square-foot refrigerated distribution warehouse and vacant open storage.
The parcels are divided by Dennis and Ives streets. They are zoned for industrial light and industrial heavy uses and are in an Enterprise and Empowerment Zone.
Stanly formed Blackwater Capital in 2007 after leaving CSX Corp., where he managed leased assets across the country for almost seven years. Before that, he spent three years with Regency Centers in leasing and investment sales.
Finnegan is a Charleston-based biotech entrepreneur, investor and real estate developer.
He is a former Wall Street analyst for hedge fund Forstmann Partners and investment banker in New York with Merrill Lynch.